Legal Question in Bankruptcy in Minnesota

Deposit Accounts in bankruptcy

If a I have a deposit account at a credit union with a balance that has been there more than a year and have just filed bankruptcy, does the credit union have to send the money to me or can they keep it to offset debt?


Asked on 5/15/07, 1:46 pm

2 Answers from Attorneys
Andrew Miller Law Office of Andrew S. Miller, LLC

Re: Deposit Accounts in bankruptcy

I suggest you contact a bankruptcy attorney to discuss your matter. Feel free to contact me if you have any questions.

Disclaimer: The information presented should not be construed to be formal legal advice or the formation of a lawyer/client relationship.

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Answered on 5/15/07, 2:17 pm
David Kelly-952-544-6356 Kelly Law Office

Re: Deposit Accounts in bankruptcy

In most of my cases they keep the money. I don't know if that's legal, but no client of mine has had the resources to challenge it if it's not.

The trick is to withdraw the money before filing - and give it to your lawyer of course to pay his or her fee.

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Answered on 5/15/07, 2:19 pm


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