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Bankruptcy Misconception #6

On Behalf of | Jul 1, 2010 | Chapter 13 Bankruptcy, Chapter 7 Bankruptcy, Life After Bankruptcy |

I am not allowed to have a checking account if I file bankruptcy. Wrong! There is no rule that stops you from keeping or opening a bank account. Most people keep the account that they had and continue to use it without interruption. Sometimes you may have to close an account prior to filing since the bank may be a creditor in the bankruptcy. In general, if you do not owe money to the bank your account is at, there is no need to close the account.

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