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T O P I C R E V I E W
xmas baby
Posted - 10 March 2010 : 13:56:55 Afternoon all,
Now I am discharged from bankruptcy, would it be possible for me to open a savings account? I currently have an IPA, so would any savings I accrue be taken into account and would the OR have the right to take any savings I accumulate during the period of my IPA?
Thanks
xmas baby
4 L A T E S T R E P L I E S (Newest First)
Skippy
Posted - 11 March 2010 : 10:44:08 I'd been discharged for over a year and the Co-op wouldn't let me have a savings account until I appealed.
Only when the last tree has died, the last river has been poisoned and the last fish has been caught will we realise that we cannot eat money.
32 IPA payments made, 4 to go - the end is in sight!
xmas baby
Posted - 11 March 2010 : 10:22:58 Thank you both for your advice. I'm not really in any hurry to open a savings account (the mattress will do just fine for now.lol) but useful to know which banks are more accomodating than others. Surprised about the co op though. Strange! I'll wait for 6 months or so and then give it a go.
Thanks again.
xmas baby
shelleyandrew76
Posted - 10 March 2010 : 14:34:50 For some reason Co-op wont allow savings accounts. Well they didnt when I tried 4 months after going bankrupt and 2 months after discharge.
But I have recently opened one with the Nationwide BS for myself and my 4 children. Very helpful and friendly. Good Luck.
gettingoutofdebt
Posted - 10 March 2010 : 14:29:28 There is no problem saving money even if you pay an IPA. The IPA is an agreement between you and the OR so the OR is aware (and has agreed to) the amount of DI you have left over.
I'm not sure on exactly, which banks will allow you to open a savings account straight after discharge. I think from other postings that the Co-op won't allow a savings account until you have been discharged for 6 months but others will post their experience.
