Can I open a new bank account while I am bankrupt in British Columbia?
Yes. As a matter of fact, it is strongly recommended that
you open a new bank account before going bankrupt in
British Columbia. Opening a new bank account will ensure that
none of your old creditors will attempt to take money out
of your account.
A bank cannot refuse to open a bank account for you (unless they have reason to believe the account will be used for illegal purposes).
Even with these rules, some banks may be hesitant to allow
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 British Columbia, giving you ample time
to have your payroll deposit and other items transferred
to your new account before the bankruptcy starts.
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