Bankrupt debtor account

How long does it take to open a special account?

Opening a special account takes just a few minutes; you only need to complete an online application. After it is received, a bank representative will contact you to arrange a meeting to sign the documents.

The agreement must be signed within 14 calendar days from the date of application submission. The account will become active immediately after the documents are signed, after which you will be able to start using all its features.

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How is a special account different from a current account?

A special account is used only for transactions related to bankruptcy proceedings. Only those payments permitted by law may be made through it. A current account is suitable for the day-to-day operations of a business and any lawful commercial transactions.

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Is one special account suitable for different purposes?

No. A separate special account is opened for each purpose. For example, for settlements with creditors or for recording deposits. This is a mandatory legal requirement to ensure that the movement of funds is transparent and clear.

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Can a special account be opened online?

Yes, an application to open a special account can be submitted remotely. To do this, you need to go to the bank's website and fill out a short online form. Immediately after that, a bank employee will call you to answer any questions you may have and help with the application. 

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Can I close a special account before the bankruptcy procedure is completed?

No. Such an account can be closed only after the bankruptcy procedure is completed and all settlements are made. Until that moment, it must remain active to process the necessary payments.

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