Since going bankrupt in October I have been using my co op cashminder account. The OR said in the interview to only spend money on essential things. Since I am still running my business now bankrupt does essential expenses include business ones such as advertising and other costs associated to running my business. After all these are essential costs otherwise i don't have a job.
It's just that I am a little worried about using my co op casminder account for some business expenses, just in case the OR thinks they are too much and the money should be going to him.
had a meeting with one of the pay as you go debit mastercard companies on Wednesday and they are looking at starting a pay as you go for Business customers.
So the acount name and debit card would both be in the company name. This would clearly be really useful for everyone running a small business so when I get the green light I will of course let you know.
Paul Johns Assisted Bankruptcy Specialists Reviva UK
Money for business expenses when bankrupt
Posted - 14 December 2008 : 10:40:51
