Will this hurt me if I declare bankruptcy?
In the last few days the bank put a hold on my chequing account, so I have been unable to access the few hundred dollars that remain in the account (which I need to pay for food, prescriptions, and car repairs). Today, after calling the bank’s collections department and agreeing to make a payment on my Visa balance on Friday (payday) they removed the hold on my chequing account. Unfortunately, I simply can’t afford to make the promised payment. My question is: would there be any negative repercussions with regards to my declaring bankruptcy — which I imagine I will finally have to do in the next week or two — if I were to withdraw the funds in my chequing account today and then fail to make the promised Visa payment on Friday? Thanks very much.
The only negative consequence of an upcoming bankruptcy I can see is that the bank could be so upset it would oppose your discharge from bankruptcy.
You would still be discharged eventually with some effort but it would take a little more time. I think it is unlikely that they would oppose your discharge, however. If you decide to speak to a trustee you can find one on our page: