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umanwizard
on March 15, 2023
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Credit Suisse sheds nearly 25%, key backer says no...
Does writing a check on a bank you know to be insolvent count as writing bad checks (which is a felony in some states)?
IANAL and it’s quite unclear to me.
tim--
on March 15, 2023
[–]
I would think that it wouldn't be an issue, so long as your total for written checks that have not cleared is both not over your balance amount, and not over the FDIC $250k limit, but IANAL as well.
umanwizard
on March 16, 2023
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Ah, I hadn’t considered the FDIC insurance aspect. I was imagining writing checks that you had reason to believe weren’t worth anything.
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IANAL and it’s quite unclear to me.