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Friday, 02 April 2010 08:48

Can I Remove My Name Off A Bank Account Prior To Going Bankrupt?

Written by  Jon
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Question:



I am thinking of filing bko chapter 7 in the next few weeks, I sold my car for 2500.00 and currently I have 1500.00 in my joint checking account. If I am removed from the joint checking account will the trustee know?

Please help

I am thinking of filing bko chapter 7 in the next few weeks, I sold my car for 2500.00 and currently I have 1500.00 in my joint checking account. If I am removed from the joint checking account will the trustee know?

Answer:



When you mention Chapter 7 bankruptcy are you in America? I ask as in the UK there are not different chapters of bankruptcy as there are in the states.

Bankruptcy in the states is a different matter and you can consult the attorney handling your bankruptcy as to being removed from a chequing account.

In bankruptcy in the UK you are allowed a basic account and any accounts with your name on them will be frozen. If the bank will allow it, you can remove your name prior to going bankrupt, in a UK bankruptcy.

Thank you for letting me help you.

Jon

If you have a bankruptcy question you'd like to ask, just ask using this online form. All help is free.

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