I have a business account with my local bank. A client wrote me a fraudulent check that resulted in my being charged off. The bank states that they are unwilling to reopen my account after I pay them back. Can I open a checking account with a past charge off? Will filing for bankruptcy put me in a better credit situation with banks?
Each bank will decide the criteria for what they deem to be an acceptable deposit relationship. If they lost money, they certainly don't want to do business with that person again and risk even more of a loss.
If that loss is repaid, they still had to go through all the processes, collections and recoveries. They can still decide that the new relationship would not be worthwhile. Also, based on the past history, they may not see enough profitability in the relationship to justify the risk that this could happen again.
A lot depends on how much money is involved here, but bankruptcy is a legal process used to relieve the person or company from indebtedness. It would not help your reputation or help you open a new account. If you still owe the bank funds, it may erase that, but is the cost worth it? You have to decide that.
There may be another bank that would open an account for you. You won't know until you ask. If your loss at the other bank is significant, it could cause you new restrictions or even cause other banks to refuse to service your needs. Banks are in business, as you are, to make a profit. If the prior loss was substantial and isn't being repaid, you could be refused because you bring too much risk and were too dependent on one customer.
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Each bank will decide the criteria for what they deem to be an acceptable 