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 When will the OR freeze bank account ?		  New Topic  Reply to Topic
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Heidi.ht
Starting Member



2 Posts
Posted - 24 January 2011 :  19:16:48  Show Profile  Visit Heidi.ht's Homepage  Reply with Quote
When will the OR freeze bank account and will they give notice of this

Skippy
forum expert



United Kingdom
3290 Posts
Posted - 24 January 2011 :  20:27:21  Show Profile  Reply with Quote
Hi Heidi and welcome to the forum.

It's not the OR who freezes your bank account, it's the bank's decision when they are notified by the OR.

If the OR has no interest in the account s/he will advise the bank of this, and then it's down to the bank as to whether you can keep the account.

It's always advisable to open a BR friendly account such as the Co-op Cashminder.

View my blog at http://skippy13.blogs.iva.co.uk/

Only when the last tree has died, the last river has been poisoned and the last fish has been caught will we realise that we cannot eat money.

Last IPA payment made on 28th June 2010 - it's over at last!
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Reviva UK
Advanced Member

United Kingdom
2452 Posts
Posted - 24 January 2011 :  23:30:45  Show Profile  Reply with Quote
Definately open your new bank account BEFORE you go to court.

This will ensure a smooth transition and will allow you time to get the standing orders and organised and make sure you get paid into the new account.

Don't go to court the day after you have been paid because the OR may be interested in the cash and you just don;t need that stress right after court.

Paul Johns
Bankruptcy Specialists
Reviva UK
www.revivauk.com
08454 751 851

Real People ..... Real Debt Solutions
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Heidi
Starting Member

United Kingdom
4 Posts
Posted - 25 January 2011 :  08:58:15  Show Profile  Reply with Quote
Thanks, I already have a co-op cashminder account which I opened when I was in my IVA, (IVA failed hence going Bankrupt). This account is where my salary is paid and DD for bills and mortgage etc are paid from. Unfortunately I will be getting paid my salary on the day I go to court. What should I do about money in my account.

H Hibbert
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