I've got a thousand and one questions flying through my head as my BR day approaches.
Now...I get paid on the 28th Feb, BR date 8th March. I need £800 to last me to end of March, so I was going to bank transfer that amount from my soon-to-be-old account into my Co-op one on the 1st March.
So £800 will be there in co=op account on day of BR.
When we went bankcrupt the OR told us that we could not have more than £250 at the time we went bankcrupt in the bank. Any more than that you have to have the OR release the money for essentials
When we went bankcrupt the OR told us that we could not have more than £250 at the time we went bankcrupt in the bank. Any more than that you have to have the OR release the money for essentials
Your allowed as much money as you need to cover your living costs for the month. We drew all of our money out of our current account the day before our BR and put it all in the COOP account. No problem at all with our OR. How can you be expected to live for the month with only £250.
This is why we booked our bankruptcy dates for just after hubby got paid, we drew all his wage out of the bank and the £1000 overdraft (to pay the 2 lots of fees) and we had his wage to live on until we opened another bank account. The OR never said anything about this.
personally i would withdraw all money from any accounts on the day of BR (even COOP ones) just in case any get frozen and leave you high and dry. a lot of ORs will ask you on the day which account you want to use and whether it is a basic one and likely to be kept open by the bank, just so that he can say he does not have an interest in that one and they do not have to freeze it, that said mistakes do happen so i would empty the accounts to be sure
Dave
Don't worry or know that worrying is as effective as trying to solve an algebra equation by chewing bubble gum.(Baz Lurhman) RevivaUK and Paul Johns helped me through it all i can't recommend them enough!!
Sorry..a thousand Q's! Re: bank account
Posted - 20 February 2010 : 11:39:20
