Bankruptcy and Your Bank Account
Your filing of a bankruptcy can affect your banking habits. This doesn’t mean you can not have a bank account. If you have a credit card or line of credit with a certain bank you want to open a new account with another bank. With most banks your credit card is backed by your checking account. After your filing of the chapter 13 or chapter 7 bankruptcy having a bank account will help you rebuild your credit
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The biggest problems can happen with credit unions where you have a car loan and credit cards. The chapter 13 bankruptcy will be the better choice because now the credit union can’t do a cross lateralization with the car and the credit card.
This is where having a bankruptcy attorney will help you make the right choice about what to file.
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