bankruptcy question

[Scataphagos]

Quote from riddler:

if someone filed for personal bankruptcy;i.e credit card bills ect..

1)could the credit card company or collection angency gain access to your business checking account if it is a corporation?
2)can they gain access to business checking that is sole proprietor?

1. Maybe yes.

2. Definitely yes.

 

[Scataphagos]

Quote from Vinny1:

You don't think that there are many people out there that keep money in a safe for years to hide it from creditors?

Also, if you file for bankruptcy, do you get to keep your home and car? Do you get to keep your clothes, furniture, electronics, and other personal items, or do you have to get rid of every single piece of item that you own and only be left with 1 pair of pants, 1 shirt, 1 pair of socks, 1 underwear, and 1 pair of shoes and nothing else?

Difficult to generalize.. partly determined by State law.