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Malcolm.tr
Starting Member
12 Posts |
 Posted - 24 June 2012 : 18:14:50
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| I am considering going bankrupt. My wife and I have a joint bank account, would my wife still be able to use it even if I am not? |
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Niobe
Administrator
United Kingdom
4590 Posts |
Posted - 24 June 2012 : 18:21:22
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Is this bank a creditor? Which bank is it?
I would suggest that your wife opens an account in her own name so that her credit rating isn't affected (unless of course you have joint debts)
Ascend may you find no resistance
Know that you made such a difference
All you leave behind will live to the end
The cycle of suffering goes on
But memories of you stay strong
Someday I too will fly and find you again
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year 2029
Average Member
590 Posts |
Posted - 24 June 2012 : 18:54:08
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Hi Malcolm, and welcome to the forum.
I think realistically you have 2 options.
1. Both of you open new seperate accounts.
2. Open up your own new account, and have your name removed from the joint account effectively making it your wifes sole account.
It will probably make life a lot easier for you if you do end up going ahead with Bankruptcy. At least you would have your wifes account unaffected, usuable for day to day banking, should you end up with a hiccup with your own account, however brief that may be.
Let us know how you get on.
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Views expressed are my own personal views, based on what has happened during my own BR process unless otherwise stated.
Professional advice should always be sought. |
Edited by - year 2029 on 24 June 2012 18:54:48 |
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Malcolm.tr
Starting Member
12 Posts |
Posted - 25 June 2012 : 08:07:39
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Thanks very much for the replies.
The account is with RBS. It is not a creditor.
My wife has another account with Nat West which has a card and for which she has set up online banking, can they not touch this?
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Niobe
Administrator
United Kingdom
4590 Posts |
Posted - 25 June 2012 : 08:20:02
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Your wife's account should be fine if she isn't going BR.
Ascend may you find no resistance
Know that you made such a difference
All you leave behind will live to the end
The cycle of suffering goes on
But memories of you stay strong
Someday I too will fly and find you again
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year 2029
Average Member
590 Posts |
Posted - 25 June 2012 : 08:47:04
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Your wifes sole accounts will be fine and un touched.
Bankruptcy is an individual affair, but have a serious think about unlinking anything that is joint to make life easier.
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Views expressed are my own personal views, based on what has happened during my own BR process unless otherwise stated.
Professional advice should always be sought. |
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Malcolm.tr
Starting Member
12 Posts |
Posted - 25 June 2012 : 09:06:36
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Thank you.
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Would my wife be able to use joint bank account if I go bankrupt ?
