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  1. #1
    Join Date
    Nov 2012
    Posts
    2

    Default Money in Bank Account After Bankruptcy Discharge

    My question involves bankruptcy in the state of: Nevada

    Hell all,

    Just got discharged from Ch7 (10/24/2012) and now I am trying to rebuild my credit.
    Question #1. I want to open a secured credit card at my bank and need to deposit money in that account. That should be ok right?
    Question #2. If some how I came up with a large chunk of money (winning from gambling, lotto or other) can I deposit the fund in the bank account. Will the trustee still check and try to question about my finance after the Ch7 discharged?

    Thank you

  2. #2
    Join Date
    Sep 2011
    Location
    OH10
    Posts
    17,019

    Default Re: Money in Bank Account After Ch7 Discharged

    Since it appears you have been hiding this money all along, I would say you better be able to document the "windfall".

  3. #3
    Join Date
    Sep 2005
    Location
    Behind a Desk
    Posts
    98,846

    Default Re: Money in Bank Account After Bankruptcy Discharge

    Quote Quoting w211
    View Post
    Question #1. I want to open a secured credit card at my bank and need to deposit money in that account. That should be ok right?
    Of course.
    Quote Quoting w211
    Question #2. If some how I came up with a large chunk of money (winning from gambling, lotto or other) can I deposit the fund in the bank account. Will the trustee still check and try to question about my finance after the Ch7 discharged?
    Imaginary money you obtain post-discharge? Not a problem.

    Real money you hid from the bankruptcy court in order to avoid paying your creditors? If the trustee or creditors learn of any such act of fraud, obviously there can be repercussions.

  4. #4
    Join Date
    Nov 2012
    Posts
    2

    Default Re: Money in Bank Account After Bankruptcy Discharge

    thank you very much for the reply. so you are saying that they may be monitoring my bank account?

  5. #5

    Default Re: Money in Bank Account After Bankruptcy Discharge

    It’s not illegal to get a bank account if you are an undischarged bankrupt or even a discharged bankrupt. The problem is, it’s difficult to find a bank that will do business with you.

  6. #6
    Join Date
    Dec 2012
    Posts
    1

    Default Re: Money in Bank Account After Bankruptcy Discharge

    You can keep put money in your bank but not excessive, as it may rise questions because you have just recovered from the debts. For a while there will be creditors who will be looking a close watch on you as they need there money back. Its better you give the excess money to your relatives or someone whom you can trust. It would take much time to rebuild your credit so stay clean and don't involve in any other activities.

  7. #7

    Default Re: Money in Bank Account After Bankruptcy Discharge

    Your BK is discharged? You can do anything you want.

    The only cautionary thing I would say is if you happen to come into a large amount of money and bank it, be prepared to explain if, and a high if at that, ever audited through a trustee audit.

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