Would I still handle my own money and can I still have my bank account?

Yes, a bankrupt continues to receive their own pay cheque, have their own bank account and pay their own monthly bills, subject to any required payments under the bankruptcy and insolvency act.
Even people who are having financial problems may still have a bank account.

  • We do suggest you open an account and keep your money in a bank that you do not owe any money.
  • If you keep your account at the same bank that you owe (For example overdraft, lines of credit and visa) the bank can apply offset and seize any money you have in your accounts and apply it to monies you owe the bank.