Senior Citizen needs help with possible Chapter 7

[bgabriel9]

I was wondering if I will have to close my checking account at BofA if I file. I have my only income automatically deposited, which is Social Security. If I were to file would the bank take my money? I also have two CC with them totaling about $13,000. Anyone? Thanks.

[keepmine]

They may well close your account based on an unsatifactory business relationship with you.
The best course of action is open a new bank account before you file.

[Boscoe]

The question would be this: Do you have any credit card or other debt with this bank in question? If not, you should be ok. Accordingly to my attorney, if Bank of America, you may be ok anyway.

[JRScott]

Since you mention having 2 credit cards with them, if you include those credit cards in the bankruptcy they will indeed freeze your checking account and seize assets in it towards the payment of those cards.

What I would suggest opening a new account and then moving your direct deposit to it before filing bankruptcy.

[cathywhite4495]

I agree that you should open a new account. I would also wait until your direct deposits started going into the new account before filing. You don't want to take the chance of having all your income frozen.