Bankruptcy FAQs

Can I keep my bank accounts after bankruptcy?

Bank accounts after bankruptcy
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After filing for bankruptcy, clients often ask can I keep my bank accounts after bankruptcy?

In most bankruptcy cases, you can keep your bank accounts. However, if you have bank credit union debt, then you must withdraw all money and close that account before filing for bankruptcy. If not, the bank may  “setoff” and seize the money in the account you hold with them until they get their money back. In fact, most people open a new account at a bank or credit union to whom they owe no money before filing for bankruptcy.

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24300 Southfield Road, Suite 210, Southfield, Michigan 48075

24300 Southfield Road (Suite 210) Southfield, Michigan 48075