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 If I become bankrupt will they have access
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larn555
Starting Member



4 Posts

Posted - 19 May 2009 :  10:18:05  Show Profile  Visit larn555's Homepage  Reply with Quote
If I become bankrupt will they have access to all of my accounts? or do i have to declare my accounts to them?

Deedee
New Member

United Kingdom
60 Posts

Posted - 19 May 2009 :  10:28:08  Show Profile  Reply with Quote
You have to declare your accounts on the forms. The OR will do some investigations to make sure you haven't forgotten anything.

If you have opened a Co-op Cashminder or Barclays Cash account ready for bankruptcy you have to declare it and the OR should say he has no interest and you can carry on using it.
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Melanie.n
forum expert



United Kingdom
1282 Posts

Posted - 19 May 2009 :  11:43:25  Show Profile  Reply with Quote
The bankruptcy order is published in the London Gazette as well as your local paper - the finance houses/banks read the London Gazette and will often write to the OR to inform them of undisclosed accounts, so beware with withholding info, it can only cause you difficulties later on...

Melanie Nicholas
28 years insolvency experience - 23 of which in the Insolvency Service
- Insolvency Manager
Jones Giles
email me at melanienicholas@jonesgiles.co.uk
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nicky35
Starting Member

United Kingdom
27 Posts

Posted - 19 May 2009 :  21:44:19  Show Profile  Reply with Quote
hi ok we're confused we have opened a new current account with the co-op (prior to us going BR) and only have money paid in and 3 dd that are not creditors, now we were told we DO NOT have to disclose this account on the soa only the old accounts as this would delay with the OR unfreezing the new account. Now advice is being given on here to disclose every account on your soa just what is it that we are suppose to be doing????
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Deedee
New Member

United Kingdom
60 Posts

Posted - 19 May 2009 :  22:44:31  Show Profile  Reply with Quote
You MUST disclose this account on the forms.

As it is a Cashminder account the Co-op will not freeze it as they understand the needs of there customers.

The only people that seem to have any problems are those that are under the Brighton OR.
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