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  1. #1
    Join Date
    Dec 2011
    Posts
    6

    Default Reporting Transactions for Financial Accounts or Instruments for Bankruptcy

    My question involves bankruptcy in the state of: Alaska

    Form 107 - Statement of financial affairs for individuals filing for bankruptcy

    20. Within 1 year before you filed for bankruptcy, were any financial accounts or instruments held in your name, or for your benifit, closed, sold, moved or transferred?
    Including checking, savings, money market, or other financial accounts; certificates of deposit; shares in banks, credit unions, brokerage houses, pension funds, cooperatives, associations, and other financial institutions.


    Question:

    This is asking did I close my checking account and take out the money, right?

    Or is this asking:

    Did my bank see I had a negative $285 balance and close my checking account and transfer it over to "Special Credits Department" of my bank for in-house collection?

    I don't understand the question, should i put my checking account was closed cause negative, my loans all closed cause no payments and all my credit cards that were "closed" because of non-payment or does this question not ask that?


    Thanks!

  2. #2
    Join Date
    Sep 2005
    Location
    Behind a Desk
    Posts
    98,846

    Default Re: Reporting Transactions for Financial Accounts or Instruments for Bankruptcy

    The question is about all covered actions, regardless of who initiated them.

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