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nicholasg
Starting Member
15 Posts |
 Posted - 07 January 2009 : 10:59:56
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| if you work temporaily outsdie the uk and have a foreign bank account to receive your salary is this frozen by the official receiver if you declare yourself bankrupt |
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JulianDonnelly
Junior Member
United Kingdom
325 Posts |
Posted - 07 January 2009 : 11:56:18
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Hi Nicholasg and welcome to the forum.
If you go BR in the UK, it does wipe out your debts worldwide. Where are you working? Did you list your foreign bank account on your SOA?
Julian Donnelly
Spokesperson for www.Bankruptcyhelp.org.uk
Don't forget the helpline on 0800 078 9367 |
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John
New Member
United Kingdom
73 Posts |
Posted - 07 January 2009 : 11:56:48
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Hi
the Official Receiver does not freeze your bank account, the bank does.
As your accounts are held outside of the UK the bank will not normally be in a position to check.
(UK banks check the London Gazette and Stubbs Gazette on a daily basis).
However, when declaring bankruptcy you are legally required to disclose both the income gained outside of the UK and the non UK bank account details.
If you don't and they are later found to exist by the OR then you could be charged with perjury.
www.Bankruptcyhelp.org.uk
0800 078 9367 |
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nicholasg
Starting Member
15 Posts |
Posted - 07 January 2009 : 20:53:37
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quote:
Originally posted by John
Hi
the Official Receiver does not freeze your bank account, the bank does.
As your accounts are held outside of the UK the bank will not normally be in a position to check.
(UK banks check the London Gazette and Stubbs Gazette on a daily basis).
However, when declaring bankruptcy you are legally required to disclose both the income gained outside of the UK and the non UK bank account details.
If you don't and they are later found to exist by the OR then you could be charged with perjury.
www.Bankruptcyhelp.org.uk
0800 078 9367
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nicholasg
Starting Member
15 Posts |
Posted - 07 January 2009 : 21:02:34
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To quote the the insolvency web site
When a bankruptcy order has been made, you must:
stop using your bank, building society, credit card and similar accounts straightaway;
So if you are in another country,even if you declare your assets in this account to the OR, you cannot use this account.
How do you buy food etc? Buy a flight back to the UK?
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Needafriend
Junior Member
United Kingdom
344 Posts |
Posted - 07 January 2009 : 21:11:33
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Hi Nicolas
I see where your coming from. I took all my money from my account prior to bankruptcy and then opened a new account on the day of my bankruptcy, that way i had money and also an account that would not be frozen as it was opened after the hearing.
Dont know if this helps you at all
Jo
x
22 Weeks down
30 to go
For more info on how i have come through bankruptcy and for links to help, you can read my blog here called:
Needafriend's Info on Bankruptcy :-)
http://debtfreejo.blogs.bankruptcyhelp.org.uk/
Needafriend says: Live life to the full, take life by the horns and live a little, otherwise life would be so boring! |
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John
New Member
United Kingdom
73 Posts |
Posted - 07 January 2009 : 21:12:46
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Hi
if the funds in an account, be it in the UK or abroad, are all that you have to live on for the weeks following bankruptcy then it's best to withdraw the cash prior to bankruptcy and explain the withdrawal to the OR at interview.
www.Bankruptcyhelp.org.uk
0800 078 9367 |
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nicholasg
Starting Member
15 Posts |
Posted - 07 January 2009 : 21:22:13
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quote:
Originally posted by John
Hi
if the funds in an account, be it in the UK or abroad, are all that you have to live on for the weeks following bankruptcy then it's best to withdraw the cash prior to bankruptcy and explain the withdrawal to the OR at interview.
www.Bankruptcyhelp.org.uk
0800 078 9367
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nicholasg
Starting Member
15 Posts |
Posted - 07 January 2009 : 21:43:27
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[quote]Originally posted by nicholasg
[quote]Originally posted by John
Hi
if the funds in an account, be it in the UK or abroad, are all that you have to live on for the weeks following bankruptcy then it's best to withdraw the cash prior to bankruptcy and explain the withdrawal to the OR at interview.
www.Bankruptcyhelp.org.uk
0800 078 9367
Can you not explain to the OR that you need this bank account to honour existing direct debits for rent , electricity etc. If you provided statements and the direct debit information to demonstrate that there were not excessive funds in the account.
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nicholasg
Starting Member
15 Posts |
Posted - 10 January 2009 : 17:47:47
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quote:
Originally posted by JulianDonnelly
Hi Nicholasg and welcome to the forum.
If you go BR in the UK, it does wipe out your debts worldwide. Where are you working? Did you list your foreign bank account on your SOA?
Julian Donnelly
Spokesperson for www.Bankruptcyhelp.org.uk
Don't forget the helpline on 0800 078 9367
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if you work temporaily outsdie the uk
