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dazed and confused
Junior Member
United Kingdom
475 Posts |
 Posted - 22 June 2008 : 21:35:19
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Dear Forum
If someone petitions for their own BR, is it possible for them to keep a Basic Bank Account during the BR period, provided they do not owe money to that Bank of course!!!
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melanie_giles
Senior Member
1191 Posts |
Posted - 22 June 2008 : 22:00:12
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Yes - this is entirely at the discretion of the bank concerned, and if there is any money in the account at the time of the bankruptcy order it may be taken by the Official Reciever, but you will be made an allowance for ongoing living costs until next pay day.
For an informal chat about any financial difficulties, or advice as to the options available, I can be contacted via my website - www.melaniegiles.com |
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dazed and confused
Junior Member
United Kingdom
475 Posts |
Posted - 22 June 2008 : 22:33:19
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| Would the OR see it as being acceptable to pay off personal debts to friends / family before going BR??? |
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melanie_giles
Senior Member
1191 Posts |
Posted - 22 June 2008 : 22:44:44
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Absolutely not! This would be seen as a deliberate preference and the OR would immediately seek to recover the monies from your friends and family.
For an informal chat about any financial difficulties, or advice as to the options available, I can be contacted via my website - www.melaniegiles.com |
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Viki.W
forum expert
United Kingdom
2211 Posts |
Posted - 22 June 2008 : 22:45:02
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| Hey dazed and confused. I believe that would be seen as favouring one creditor over another so the OR probably wouldn't be too happy. I'm sure an expert will clarify this. Viki X |
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Viki.W
forum expert
United Kingdom
2211 Posts |
Posted - 22 June 2008 : 22:46:04
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| Oop, sorry, posted at the same time. |
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BR and Bank Accounts...
