what do i do about bank accounts before going bankrupt? How do i get direct debits paid and how do i get an account that will let income be paid into it. which banks would i turn to? Second question please, I currently have my house up for sale, there is no equity in it and i just want to get enough for it to pay off the mortgage remaining together with the mortgage reserve loan that has been built up against the mortgage. i then want to move into rented accomodation. pert of reason for this is that my health is not good and my future likely to be limited. However, would it be better to wait to go bankrupt until i have sold the house? Will i have trouble renting if i need to do that whilst still undischarged?
hi and welcome to the forum questions answered in order 1.open a COOP cashminder basic account no credit check BRs accepted happily you get a visa electron debit card you can do online banking standing orders and direct debits just no cheque book or overdraft 2.if you go BR before the house is sold any equity becomes the ORs if no equity once the Building society takes possession after months of none payment they will sell it and any shortfall will be included in your BR if you are BR private renting or council renting are generally the options available to you unless you have a large deposit 6mths or similar. i wouls suggest that you contact one of the forum's professional experts like Paul Johns from RevivaUK www.revivauk.com he or they would be able to advise on your best course of action and timing of it with a little bit more information.
Dave
Don't worry or know that worrying is as effective as trying to solve an algebra equation by chewing bubble gum.(Baz Lurhman) RevivaUK and Paul Johns helped me through it all i can't recommend them enough!!
If your current bank isn't one of your creditors they MAY allow you to keep your account. It might be worth a call to them to find out their policy. Lloyds allowed me to keep my account, even though they aren't known for being BR friendly.
If its any help I opened up a new account with barclays the day I filed for bankruptsy, I told them I had just declared bankruptsy but they didnt have a problem, I dont think it had hit my credit file that soon as I had a full account enabeling me to use card over phone on internet ext! but a few months later tried to add my husband on thee account (also bankrupt on same day) and he was refused an account!
what do i do about bank accounts
Posted - 19 May 2010 : 22:26:34
