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alkesh
Starting Member
3 Posts |
 Posted - 09 November 2008 : 20:22:08
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| I am being made bankrupgt on Tuesday, 11th November. Does my bank account get frozen on that day as well or does it take time to get frozen. i.e. After the OR get in touch with me. |
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Needafriend
Junior Member
United Kingdom
344 Posts |
Posted - 09 November 2008 : 21:59:29
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Hi Alkesh
It takes time for the banks to freeze accounts even then the bank if you dont have any debt with them like an OD they may allow you to keep it if its a basic account.
If its not a basic account but your wages/benefits get paid in there then you may have to make alternative arrangements for these.
The Coop cashimnder is the account of the moment as they are very BR friendly and you can open this the same day you go BR but over the phone or in the branch.
If you do have monies in your account make sure that you remove your living expenses for the month on the day of BR so that the bal is zero and inform the OR that you took the money out for household bills etc.
It is not the OR that freezes bank accounts it the banks, but you will at some time have to send down cut up cards etc so it is worth you getting a new bank account if you can, you could apply Monday then you will have the paperwork through just after your BR date.
Jo
x
For more info on how i have come through bankruptcy and for links to help, you can read my blog here called:
Jo's Links and added info on Bankruptcy!
http://debtfreejo.blogs.bankruptcyhelp.org.uk/
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alkesh
Starting Member
3 Posts |
Posted - 10 November 2008 : 10:15:12
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Thanks Jo,
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mitsu8
Junior Member
272 Posts |
Posted - 10 November 2008 : 11:12:54
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| is it ok to open bank acc before going bankrupt or should you wait till after as need to set up dd etc.thanks |
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Needafriend
Junior Member
United Kingdom
344 Posts |
Posted - 10 November 2008 : 11:19:30
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Hi you can open one before going BR, but some do some dont.
Its up to the individual, the Coop like i have said are BR friendly and the accounts from what i have read do not get frozen, so really its up to you which way you do it.
Hope that helps.
Jo
x
For more info on how i have come through bankruptcy and for links to help, you can read my blog here called:
Jo's Links and added info on Bankruptcy!
http://debtfreejo.blogs.bankruptcyhelp.org.uk/
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go_4_broke
Junior Member
221 Posts |
Posted - 10 November 2008 : 15:20:22
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Co-Op are fine as long as they are not owed large amounts of money in the Bankruptcy, when they go strangely quiet.
Regards
'Bankruptcy - an elephant from the front - a mouse from the back' |
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I am being made bankrupt
