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nicdavies75
New Member
United Kingdom
63 Posts |
 Posted - 15 July 2009 : 21:21:13
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| I have opened a basic Barclays account before going bankrupt( 17th Aug). I was told when i opened it, that it shouldn't get frozen, but after reading others comments on here, i'm not quite sure. If this is not put on the SOA can it still get frozen? and if it does, is it possible to get it unfrozen? |
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Reviva UK
Advanced Member
United Kingdom
2452 Posts |
Posted - 15 July 2009 : 22:20:21
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Hi
It MUST go on the SOA as it is important that you are completely honest on the forms.
The OR will always advise the bank that you have petitioned for Br and if you request they may also be able to confirm to the bank that they have no concern about you keeping the account open.
However it is ultimately the bank that decide to maintain or close an account. I have only ever found one consistent bank woth a straightforward policy - the COOP.
Which area of the country are you in - some OR's insist that all accounts are closed
Paul Johns
Bankruptcy Specialists
Reviva UK
www.revivauk.com
Real People ..... Real Debt Solutions |
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debtinfo
forum expert
2826 Posts |
Posted - 15 July 2009 : 22:26:16
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| To be clear bank accounts that you use for you normal income are not frozen because they are in the the SOA. Normally the OR does not receive the SOA until a day or two after the bankruptcy. The reason that they get frozen is because the bankns check the insolveny register or later the london gazette. Therfore you should put all bank accounts in the SOA as you are required to do. Normally (but not always) you will speak to the OR from the court and you should ask for the account you want to use to remain open. The OR will then send a letter almost immeadiatly (depending on how busy the office is)to the bank asking for it to remain open. |
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Reviva UK
Advanced Member
United Kingdom
2452 Posts |
Posted - 15 July 2009 : 22:33:37
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Hi debtinfo -
jusy to confirm the point even though the OR as a courtesy can wright to the bank it is ultimately the bank that decides on whether the account remains open.
so if it is with HSBC don't hold your breath.
Always to better to be absoltely 1000% sure and get the right account you are certain will be OK
Paul Johns
Bankruptcy Specialists
Reviva UK
www.revivauk.com
Real People ..... Real Debt Solutions |
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xmas baby
Average Member
537 Posts |
Posted - 16 July 2009 : 11:58:52
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Sorry to interrupt in this, but I was under the impression that you only include those bank account, etc to which you owe debts to on the SOA. I didn't include my newly opened co-op cashminder account on the SOA when I declared bankruptcy. I did however, inform the OR of this new account when we spoke on the phone and she was fine about it. If you do list those bank account which are not part of your bankruptcy, then you risk having it frozen once you become bankrupt and to be honest, there is no reason to list it on the SOA if it doesn't form part of your bankruptcy. It saves a lot of hassle.
xmas baby |
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Reviva UK
Advanced Member
United Kingdom
2452 Posts |
Posted - 16 July 2009 : 12:17:57
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You need to put down all of the bank accounts - not having them on the form has no impact on the account being frozen or otherwise.
The or will talk to you about bank accounts during the first telephone interview when you should discuss the need to retain an account
Paul Johns
Bankruptcy Specialists
Reviva UK
www.revivauk.com
Real People ..... Real Debt Solutions |
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xmas baby
Average Member
537 Posts |
Posted - 16 July 2009 : 12:42:48
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Sorry Paul, but I believe in previous posts about this, Melanie mentioned that only those accounts owing debts should be listed on the SOA. Why would you list accounts which are not 'in debt'? As I mentioned earlier, I did not list my cashminder account although I did inform the OR once I became bankrupt and she said it would be okay as they would have no interest in this account. I have never had any problems with it.
Sorry to keep going on about this, but there do seem to be conflicting advice between the experts on this.
xmas baby |
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Skippy
forum expert
United Kingdom
3290 Posts |
Posted - 16 July 2009 : 12:44:41
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I entered all my bank accounts on the SOA as it states something along the lines of all open bank accounts should be listed.
Tomorrow is a mystery, yesterday is history, today is the present, a gift to make the most of.
View my blog at http://skippy13.blogs.bankruptcyhelp.org.uk/
24 IPA payments made, 12 to go - on the home straight! |
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xmas baby
Average Member
537 Posts |
Posted - 16 July 2009 : 13:44:24
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oh well, I obviously took the wrong advice and didn't include it. Doesn't seem to have caused any problems though.
xmas baby |
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Topic |
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frozen bank account
