Can I open a new bank account while I am bankrupt in Nova Scotia?
Yes. As a matter of fact, it is strongly
recommended that you open a new bank account before going
bankrupt in Nova Scotia at a brand new bank. This will ensure
that your old creditors will not try to take money out of
your account.
A bank cannot refuse to open a bank account for you (unless they feel 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. Open a new bank account before you
go bankrupt in Nova Scotia, giving yourself ample time
to have your payroll deposit and other items transferred
to your new account before the bankruptcy starts.
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