Savings in Ch 13

[Lisa22465]

I have 17 out of 60 payments left on my Ch 13 BK. I would like to start saving a little money each money to help in buying a house when discharged. Can I open a savings account while in BK without the trustee's approval? It's not like it is new credit. I was also thinking about opening it with Wells Fargo so that might help me with the mortgage down the line. Anyone had any experience with them? Will they check my credit to open a checking/savings acct?

Thanks for any help

[despritfreya]

Yes, you can open a bank account without the Trustee's approval. You can even save a bit since you are in a confirmed plan. Nothing wrong with looking towards the future. Persoanlly, I hate WF but. . .

Des.

[chp13]

Personally I wouldn't have or open a savings account at any bank while in chp 13. I think that if he trustee would find out that you had more then a few thousand dollars he'd want you to turn it over. I keep my stash out of the bank and in a safe box at home.