i will need a parachute account to get through this to recieve money from work. I cant stay with my current bank as they are involved. do i open one up now or after declaring? Can i use a family account or friend to recieve the money or open an account for me?
The OR may see it as a bit odd for you to give money to a relative as it could be implied as you owed a relative monies and therefore favouring a creditor.
There are Bankruptcy friendly banks such as Coop, Coventry Callsave and Barclays or the paid for services such as Think, Secure Trust, Spectrum Finance. These can be opened pre-bankruptcy.
It's no problem to have your salary paid into a friend or family member's account while you sort out a new one of your own. Many people do it so don't worry about it.
If they aren't one of your creditors I would recommend the Co-op Cashminder account as it comes with a debit card and internet banking.
You can open the account before or after BR, and the advice on here is generally that if you open it before BR don't list it on the BR forms, but make sure you advise the OR when you speak to them.
i will need a parachute account
Posted - 26 August 2010 : 15:31:39
