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Do you have to provide collateral for bankruptcy accounts?

Question: 
How are multiple accounts insured by FDIC for Chapter 11 Bankruptcy?
Answer: 

These accounts are added together for the purpose of FDIC insurance. It may be that the institution has to maintain collateral for amounts which exceed FDIC insurance.
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Learn more about Deborah Crawford’s webinar
Court-Ordered Accounts: Bankruptcy, Estates and Guardianships

First published on 04/14/2019

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