Can I open a new bank account while I am bankrupt in Saskatchewan?
Yes. As a matter of fact, it is strongly
recommended that you open a new bank account before going
bankrupt in Saskatchewan . Opening a new bank account will
make sure that none of your old creditors will try to take
money out of your account.
A bank cannot refuse you a bank account unless they believe the account will be used for illegal purposes.
Even with these rules, some banks may be
reluctant to permit you to open a new bank account once
you are bankrupt. Therefore, it is a good idea to open
a new bank account before you go bankrupt in Saskatchewan ,
which also gives you ample time to have your payroll deposit
and other items transferred to your new account before the
bankruptcy starts.
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