Not all banking institutions will treat a bankruptcy filing the same. For example, most credit unions will close your accounts if you owe any debt to them on the date of filing. This is because, at most credit unions, you sign something saying you will not cause the credit union a loss. Bankruptcy filing, even if you intend to pay the debt, creates a loss for the credit union, because your liability on the debt would be included in the discharge. A lot of banks, not credit unions, do not have the same policy and allow bankruptcy debtors to continue holding their accounts at the institution. That being said, if you owe a bank debt, that you bank at, you should speak with your attorney about pros and cons of continuing to bank there.
If your bank account is negative on the date you file, the bank will very likely close the account. This is because, when you file the debts you had up to the filing are considered debts in your case.
Finally, if you bank at a banking institution you do not have debt owed to, you should not have to worry, the reason being, the bank should not have a reason to close your account.
If you have questions about bankruptcy and would like to do a free consultation to go over your options, visit www.lifebacklaw.com to speak with an attorney. You will be glad you did!