Hi, Quick question Will be declaring bankrupt once I have save uo the £1400. Will i need to apply for a new bank account, even if i have no debts, overdrafts,loans etc with my current bank? Do they automatically freeze all accounts you hold. Thanks Eva
Yes you will need to open a new bank account which is bankruptcy friendly. You can check with your current bank, but I recommend the Co-Operative Bank Cashminder account.
If you are with HSBC or First Direct then you need to change even if they are not one of your creditors - they actively trawl the Insolvency Register and will close your accounts even if they are not a creditor.
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