ok to close bank account after fill out information subpoena

[PANSYFACE]

There's hardly any money in any of the accounts anyway -2 were business accts and my business is basically closed and done. Other joint account -however has a direct debit coming out which eventually will be included i bk. I don't want to be frozen and have extra fees - not that many other banks in area. Already paying bills with mos. Would it be considered fraud or something to close them now?

[ryan]

My understanding is you have a perfect legal right to close and open accounts as you see fit. ...

[ValleYum]

Make sure you get all the copies of statements/checks you will need before you close the accounts - some folks on the forum have had a tough time getting copies later or have had to pay outrageous sums of money to get them.

[catleg]

Both good advice.
I believe in selective disclosure on these forms as they are not used for serious collections anyway.
They serve one purpose-- to satisfy the state requirement for a diligent search for personal property that may be levied prior to docketing the judgment against any real estate you own presently or future in the state.

[PANSYFACE]

Thank you!