I will be going bankrupt over the next few months. Would it be worth moving out of my motgaged property now and renting or would I have a problem in renting once bankrupt even if someone offered to give me 6 months rent in advance.
I would prefer to rent through an agent, would they still ask for references if I offered 6 months in advance. I also have a joint savings account with my mother but none of the money is mine it is my mom's. When my dad died we decided to have my name put onto the account just in case anything happened to her. I have never personally put any money into this account and have never taken any out. As I said the account used to have my father's name on it and since he died his insurance was put in there and my father still gets paid a pension which is payable to my mother into this account. We intend closing the account and open a new one in just my mother's name. Can anyone touch this account after because as I said none of this money belongs to me?. Look forward to your replies
First of all you need your mother to remove you from this account so it is in her sole name.
It may raise questions at your interview if the Bank decide to inform the Trustee that you were removed shortly prior to your Bankruptcy so try to get a paper trail of evidence together just in case.
Can I ask why you want to move from your mortgaged property?
renting and joint savings account
Posted - 31 May 2008 : 00:03:44
