| T O P I C R E V I E W |
| tim73 |
Posted - 21 January 2009 : 12:55:44
im going bankrupt soon and i was wondering which bank will i be able to use. i am in bank of scotland and i know my easycash account will be frozen. but i also have the most basic account with the co-op, will ibe able to have my wages paid into my co-op account with no problems? thanks tim. |
| 4 L A T E S T R E P L I E S (Newest First) |
| tim73 |
Posted - 21 January 2009 : 16:21:44
so that means out of my £250 wages, rent council tax £120 food £20, travel expenses £15 the rest would be all mine? thanks tim.
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| debtrider |
Posted - 21 January 2009 : 14:44:12
Hi Tim73
You will have to declare your co-op cashminder account even if they are not being used.
Do you mean by fee that you might end up with a IPA. If all your wages is for essential living costs as you say then you should not get an IPA. You are allowed up to £99 of disposable income before being subject to an IPA.
debtrider |
| tim73 |
Posted - 21 January 2009 : 14:32:47
will i have to declare my cashminder account when i go bankrupt even tho ive never used this account before, also every penny of my wages is for living so will i still have to pay a fee each month?
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| debtrider |
Posted - 21 January 2009 : 14:05:52
Hi Tim73
There should be no problem in having your wages paid into your co-op bank account. The co-op cashminder account is bankrupt friendly so there should not be a problem with it, as long as the balance in that account is for essential expenditure.
When I went bankrupt I emptied all money from my accounts even my co-op account to be on the safe side, as I needed money for essential living costs. I then started using my co-op account again after about a month when things had calmed down a little.
debtrider
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