How does bankruptcy affect my Suntrust accounts and loans?

Bankruptcy can have an impact on your Suntrust accounts and loans. If you file for bankruptcy, it may result in the freezing or closure of your accounts, including checking, savings, and credit card accounts. This is done to protect the bank's interests and determine the extent of your liabilities. However, if you have outstanding loans with Suntrust, bankruptcy may provide temporary relief or discharge some or all of your debts, depending on the type of bankruptcy filed. It's important to note that any accounts that are jointly held or cosigned may still hold the other party responsible for the remaining debt. To fully understand how bankruptcy affects your specific Suntrust accounts and loans, it is advised to consult with an attorney or contact Suntrust's Bankruptcy Department directly.