i have informed my creditors of my intention of going bankrupt. i was told by the citizens advice bureau to take out all the money i had to survive on in my account and open a new cash card account so no-one can take money out. A friend told me not to put money into the account as the court need to know about the other account and would take all i have to live on and give it to my creditors, IS this true and would i be better to keep it all safe at home with me? Will creditors still hassle me even though they know my situation? do i ignore them if they do?
Hello, I would say (and I'm no expert) that the only people that can touch your money are your creditors and by doing this they would freeze your account. So if your money is in an account linked to one of your creditors then you need to remove it. You are not doing anything wrong, just trying to live. The calls will continue throughout the entire process and perhaps for a short time afterwards until the info filters through. hth xxxx
You will have to list all accounts held on your SOA. your friend was correct that you should open a "parachute" account for day-to-day living prior to BR. As long as this account has been emptied before you go BR, you should be fine. In addition, as long as there's not too much money (ie thousands), it is unlikely the OR will have any interest in it as you need it to live on!
friend told me not to put money into new account
Posted - 22 June 2008 : 08:21:39
