1. I have read on another website that asset disposals such as property sales are checked to see if they were sold at fair market value within the last 2 years before bankruptcy, and elsewhere that it is actually within the last 5 years. Which is correct please?
2. I have opened a Co-op Cashminder account as I am expecting to declare myself BR in a few months. However, I have read on this forum that the account may be temporarily frozen because it was opened and used prior to declaring BR. Is this correct and any way I can prevent this as I assumed only accounts which offer credit facilities are stopped?
Hi Wordseye I can not help on the first question But with the Cash minder , I opened before BR and had no problems, I informed the OR, and she said that she had no interest in it. It was not frozen.