Note: You must be registered in order to post a reply. To register, click here. Registration is FREE!
T O P I C R E V I E W
suzanneg
Posted - 10 January 2009 : 10:49:57 WHat are the alternative arrangements that can be made o have wages paid into while the bankruptcy petition is being made?
1 L A T E S T R E P L I E S (Newest First)
John
Posted - 10 January 2009 : 11:37:04 Hi
you can have your salary paid into a 3rd party's existing account whilst bankruptcy is petitioned for and dealt with by the OR.
Or you have to get the timing right. Have a Co-op account set up before declaring bankruptcy. Time your court appointment for a day or two after pay day. On being paid, but before the court appointment, remove the money. Declare bankruptcy. Next inform your employer of the new bank details for your next salary to be redirected and also any supplier which you will continue to pay by direct debit.
Inform the OR of the existence of the new account.
