Should I keep My Bank Account During Bankruptcy in Canada?


A Licensed Insolvency Trustees might recommend that you open a new bank account prior to filing a consumer proposal or going bankrupt. Select a bank that you have never done any business with or had a credit card. Arrange to have any regular deposits changed to the new account and move your money just before the bankruptcy process. If you are considering Bankruptcy or a Consumer Proposal, please contact a Licensed Insolvency Trustee to get the advice on how to protect yourself. 



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