Q: What is the maximum of checking accounts you may have?
i am not sure if that is a legal question.
i am not aware of a limit..........if it is with one bank they may have policies
A: No limit but if it looks like you have a vast number, you may get flagged for an inquiry if there's enough for them to suspect money laundering or the beginning of a check kiting scheme.
A: The advice so far is good for you pay attention to. You may be asking about the dollar amount in your checking accounts? That needs to be analyzed by a competent bankruptcy attorney. You should consult with one right away.
A: I agree with my colleagues regarding the number of accounts. However, if this is related to filing bankruptcy, more information is needed. Generally, the number of accounts are not an issue - it is the total balance in all of the accounts that must be disclosed if filing bankruptcy and if the funds can be properly claimed exempt. If there is something more specific information you are seeking - supplement and re-submit your question or seek advice from an attorney.
A: There is no limit to the number of bank accounts you can have when filing a bankruptcy. Although in your bankruptcy you must list each account on Schedule B,. and state the amount in each account on the date you file the bankruptcy..
A: There should not be any restrictions. The information presented herein is for general purposes only. It is not intended for, and may not be construed as legal, tax, or accounting advice, or business solicitation. For specific advice, please consult a tax attorney in person. Good luck. Zaher Fallahi, Tax Attorney, CPA (California).
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