Getting everything ready for filing in 2 months..

[ansky0007]

But my bank account is with BOA, I also have 2 cards with BOA that I am going BK on. Will they mess with my checking account or should I find a neutral bank and get a new bank account?

[Mi Bankruptcy]

Everything I have heard from them I would say yes. I would close the checking and tell them you only want a savings account. I would say close everything. However, if you have a card with them or a LOC or loan they may not allow you to close the account.

[bkrelief22]

I agree, close the account. I had a card with BOA and closed it. We actually had moved but I closed it months later. They may ask why you're closing, so be ready with an answer. It's not worth the risk of them taking your money to pay their cards. Better to avoid the mess!

Best of luck!

bk22

[bkrelief22]

Just reread the post...I would close all accounts, even savings!! They could still take that to pay the cards. They could use any account you have there.

bk22

[tika]

OMG....I am in the same boat. I have one line of credit (18K) and a credit card (11K)with BOA and I have a checking account and savings account with them too....this was the same question I asked my husband last night....BOA has been making me mad anyway with my checking so I was going to change anyway....but now I am definatly doing it this week. I will be filing by the end of October-08.

Thanks for asking this question.

[Cali]

If you file, the banks aren't allowed to touch your money. It is against the automatic stay.

[tika]

I just came accross this just now and figured I would pass it along...

Tips Before Filing Bankrutpcy
Your Banking place needs to be looked at. If you have credit card debts with your bank you should change banks. If you are already overdrawn stop putting money in that bank and go open another account with a different bank.

http://www.bankruptcyhome.com/bankruptcyblog/2007/11/01/before-filing-a-bankruptcy-2/

[Cali]

tika - I didn't close my account and I filed on 2 CC's. And they didn't take money from me to pay the cards.