Can I open a new bank account while I am bankrupt in Alberta?
Yes. As a matter of fact, it is strongly recommended that you open a new bank account before going bankrupt in Alberta. This will ensure that none of your old creditors will try to take money out of your account.
A bank cannot refuse to open a bank account for you (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 Alberta, 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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