CH 7 (again) with NFCU checking question

[GulfCoastSteeler]

Well, apparently I rebuilt a little *too* well after my previous CH7 that was discharged in May 2015.

My attorney just filed my petition for another 7 yesterday. I have $184k in unsecured debt.

She warned that I should get another checking account (instead of my current primary one at NFCU) saying that CU's will kick you out when you burn them. Which I am doing to NFCU to the tune of about $60k.

I am well aware they will never give me a loan product again, but didn't know my checking could be affected.

Can anyone confirm this? 

I know cross collateralization can be a concern, but I have almost nothing in my NFCU checking/savings at the moment. And now that my petition is filed, would that prevent them taking any funds from my NFCU cash accounts should I start using them again?

If I should open a new account, I was thinking of doing so with an institution like BOA that I've never done business with previously with the hopes the relationship may foster getting a CC with them one day. 

Or do ya'll know or another institution that would be good for this?

Thanks for any info!

[Rogue46]

There are a few banks that will blacklist you once you file Navy is one of them and the other off the top of my head is Citi

[pizzadude]

Your attorney is correct, NFCU will shut you down when you burn them in BK so you should find another home for your checking account.

[FireMedic1]

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@GulfCoastSteeler wrote:

Well, apparently I rebuilt a little *too* well after my previous CH7 that was discharged in May 2015.

My attorney just filed my petition for another 7 yesterday. I have $184k in unsecured debt.

She warned that I should get another checking account (instead of my current primary one at NFCU) saying that CU's will kick you out when you burn them. Which I am doing to NFCU to the tune of about $60k.

I am well aware they will never give me a loan product again, but didn't know my checking could be affected.

Can anyone confirm this? 

I know cross collateralization can be a concern, but I have almost nothing in my NFCU checking/savings at the moment. And now that my petition is filed, would that prevent them taking any funds from my NFCU cash accounts should I start using them again?

If I should open a new account, I was thinking of doing so with an institution like BOA that I've never done business with previously with the hopes the relationship may foster getting a CC with them one day. 

Or do ya'll know or another institution that would be good for this?

Thanks for any info!

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Get it while you can. Pull your $ out and find another bank ASAP.

[GulfCoastSteeler]

It's $11. They can have it LOL.

Will do on the new account. Thanks for the replies and I'll keep everyone posted in this thread throughout the process.

[GulfCoastSteeler]

More info for those interested:

I live in FL

$0 income (going back to work in some capacity very soon)

Keeping my house (owe $187k, worth about $500k)

Keeping my financed car (18 payments left. Owe exactly what it's worth)

Keeping my OLD car I own outright.

No CC use since May '23

Was current on everything upon filing.

Closed my $0 balance Target card beforehand.

Fico 8's are 651/682/632 as of now.

[GulfCoastSteeler]

NFCU and PenFed did in fact close my checking and savings accounts, applying my $11 to my CC balances.

Opened a new checking at BOA yesterday. 

Credit cards are closing quickly and the new PR already hit one CR (and didn't change my score)

I took the post filing counseling course yesterday.

MOC is set for Dec 20th.