Can I open a bank account after I go bankrupt? or Why am I still listed on Check Systems (Chex Systems, Inc.) even though I received a discharge for my bank account that was in overdraft?

Yes, but it’s going to be tough.

Bankruptcy discharges your personal liability for bank accounts you had which were in the negative (in overdraft).  checkbookUnfortunately, banks list accounts that were closed due to negative balances with a company called Chex Systems, Inc.  A bankruptcy discharge does not prohibit them from leaving you in the Chex Systems, Inc. database.  They cannot collect against you, but they can let other banks know that you had an account that defaulted.

This makes is hard to open a new account.  You usually have two options:

1.  You can pay the closed account balance off and reopen an account at that institution (a bankruptcy discharge does not prevent you from repaying creditors if you want to), or

2.  You can find a bank or credit union that runs a secured checking account, usually called a “Second Chance Checking” account.

Neither way is very attractive, but at least it gives you a place to deposit your paychecks.

This is not legal advice.  If you need help, go to www.robertspaynelaw.com.

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