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brokebutstillalive
Junior Member
United Kingdom
182 Posts |
 Posted - 09 January 2009 : 17:13:32
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I have a cashcard accout with Nationwide. I have checked with them and they have said that they will not close the account when I declare bankruptcy but I understand that the OR will freeze the account. Does anyone know how long that will be for as I will have direct debits (utilities) to come out shortly afterwards and don't want to incur bank charges. Should I leave enough in there to cover them or will the OR take the money? I have tried to set up a Co op Cashminder account but they advised leaving it until after I declare as that will be frozen as well.
As I am quite behind on this years Council tax payments, can that be included in the bankruptcy as well?
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JulianDonnelly
Junior Member
United Kingdom
325 Posts |
Posted - 09 January 2009 : 17:34:45
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Hi Brokebutstillalive,
It is not the OR that freezes the account, it is the bank. Standard banking paractice would be for the bank to freeze the account (on publication of your BR in the London Gazette and the Stubbs Gazette) until they hear from the OR. However, if it is just a basic bank account and you have no borrowing with that bank, the OR wouldn't have an interest (unless you just happened to have several thousand pounds in there).
If you are still at the same property, local authorities usually re-schedule arrears in order to avoid having it written off. Therefore, it is likely your council tax payments will go up until the arrears are cleared.
Julian Donnelly
Spokesperson for www.Bankruptcyhelp.org.uk
Don't forget the helpline on 0800 078 9367 |
Edited by - JulianDonnelly on 09 January 2009 17:36:12 |
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11waterloo
Starting Member
2 Posts |
Posted - 09 January 2009 : 20:03:58
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Hi Brokebutstillalive,
I work for a local council and although some councils may try re-scheduling your payments, you are more than entitled to add that debt to your bancruptcy and the local council will write off any debts upto the date of bancruptcy and send you an amended account from the date of bancruptcy onwards up to the end of the financial year .
Well worth doing !!
All the best |
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Needafriend
Junior Member
United Kingdom
344 Posts |
Posted - 09 January 2009 : 20:13:47
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Hi 11waterloo and welcome
Thank you for your valued info, please do keep posting.
Is there anything we can help you with?
Thanks again
Jo
x
Needafriend says:
Just always remember one thing, Your not alone, your not the first and you wont be the last.
22 Weeks down
30 to go
For more info on how i have come through bankruptcy and for links to help, you can read my blog here called:~ Needafriend's Info on Bankruptcy :-)
http://debtfreejo.blogs.bankruptcyhelp.org.uk/
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brokebutstillalive
Junior Member
United Kingdom
182 Posts |
Posted - 09 January 2009 : 20:24:21
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| Thanks all. There most definitely will not be several thousand pounds in the account so should be OK!! |
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Freezing of accounts/Council tax
