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Rhiana
Starting Member
United Kingdom
12 Posts |
 Posted - 31 July 2009 : 14:28:00
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My BR order is now through and I have been called to the OR for an interview on the 13/8/09. I am confused though - I have a bank account for my wages etc. When does this get frozen, and more especially between now and the 13th can I use the money in my account for everyday food, expenses etc? or am I supposed to leave it alone, if so how do I live for 2 odd weeks? I cant seem to make sense of this.
I am seeing the bank next week and they already aware that BR was looming, and agreed that I could have a basic account when it happens.
I also have some money in my daughters savings account as a result of a child tax credit back payment, this is for school needs, and towards her college admission next year - is this money safe as I am signatory, or can they remove it as part of assets? I am really worried about this and the bank said move it purely to her name, but if I do that now will it be seen as wrong in the OR's eyes? Please help I am really stressed, and altho I am relieved that the BR is through, this bit as a single parent is especially stressful! |
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sjbyron
Average Member
United Kingdom
746 Posts |
Posted - 31 July 2009 : 17:37:37
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Hi
The OR informs the bank usualy by Fax that you are bankrupt then he/she informs them whether they have an interest in that account or not.
Is the bank a bankruptcy friendly one?
Your Daughters account is she the named holder or are you? Are you financialy linked to her
Stu J Byron |
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sjbyron
Average Member
United Kingdom
746 Posts |
Posted - 31 July 2009 : 17:38:26
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Oh and forgot to say aswell you are safe to continue to use your account for every day expenses until the or states othewise
Stu J Byron |
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Niobe
Administrator
United Kingdom
4590 Posts |
Posted - 31 July 2009 : 19:07:13
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What bank are you using?
If it is the Co-op, then you shouldn't have any problems.
The glimmer gets brighter all the time
Jan
xx |
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Rhiana
Starting Member
United Kingdom
12 Posts |
Posted - 01 August 2009 : 04:16:12
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| Im with the Halifax and have an appointment with them next friday re opening a different account so I can sort things out. My daughters account is hers but with me as the signatory/trustee - should I put is solely in her name. i had a sizeable rebate from tax credits and paid off a bill at 1000, put 1500 in her account - I am hoping that it is safe! |
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sjbyron
Average Member
United Kingdom
746 Posts |
Posted - 01 August 2009 : 09:27:59
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Hi
Halifax arent bankruptcy friendly so your best getting away from them.
And I would put your daughters account in her name with no trustee
Stu J Byron |
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Niobe
Administrator
United Kingdom
4590 Posts |
Posted - 01 August 2009 : 10:51:14
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I would definitely move to the Co-op. Halifax are not a good bank to be with.
The glimmer gets brighter all the time
Jan
xx |
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sjbyron
Average Member
United Kingdom
746 Posts |
Posted - 01 August 2009 : 16:17:52
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Halifax have this weird setup the branch will say yes we will accept you, then head office close the account down, they did it to me, a direct debit failed and they put the charge of £20 on the account, which they never used to put charges for and then sent me a cheque totalling £6 for the money in my savings account.
They also said they would defo welcome me back for easycash then three years on for their bank account post bankruptcy.
So I would stay clear of them
Stu J Byron |
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Niobe
Administrator
United Kingdom
4590 Posts |
Posted - 01 August 2009 : 17:17:05
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Halifax were one of my creditors and were a nightmare. I don't know what they are like with accounts for people who are bankrupt.
The glimmer gets brighter all the time
Jan
xx |
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sjbyron
Average Member
United Kingdom
746 Posts |
Posted - 01 August 2009 : 21:55:23
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Hi Jan
As I said above they dont accept Undischarged Bankrupts but give conflicting information from Branch and Head office.
They seem to accept Discharged Bankrupts once you can provide a certificate / letter of disscharge
Stu J Byron |
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Niobe
Administrator
United Kingdom
4590 Posts |
Posted - 01 August 2009 : 22:06:20
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Personally, I wouldn't touch Halifax or HSBC with a barge pole!
The glimmer gets brighter all the time
Jan
xx |
Edited by - Niobe on 01 August 2009 22:06:49 |
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ling
Starting Member
United Kingdom
11 Posts |
Posted - 05 August 2009 : 19:34:37
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Hi!!
Bankruptcy is in the pipeline, I have opened an account with halifax just recently but havent activated it yet, do you think I should use it when I declared myself BR? I want to use it for paying my tax credit and child benefit, would halifax close my account? once I'm bankrupted?Need some advice please. Thanx. |
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Housing
Senior Member
United Kingdom
1399 Posts |
Posted - 05 August 2009 : 22:24:53
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Hi Rhina,
Just looked at your question about bank account for a BR.
I am not an expert, but from my own experience the co-op is GREAT for me (and my wife who is not BR). We each have a Cashminder account and the staff from my experience is good - i wnet to see them and said I had just declared BR - not a problem sir she said and there it was - I manage my money daily now mini statement - even got a 20p interest the other day.
As an aside the staff member that spoke to me and set up the a/c said that almost every BR in the City (Plymouth) were new customers!!
Good luck to you, Regards, Richard |
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Housing
Senior Member
United Kingdom
1399 Posts |
Posted - 05 August 2009 : 22:33:33
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Hi again,
For got to say "Good luck" with your interview with the BR on the 13th - mine was a long time (10 hours) - nearly 11 in one hit...we agreed a five minurte break - he provided water for us and a couiple of cups of coffee no holds barred...
He was great and at the end of the day 6.00p.m.plus he shook my hand and said, You can call me **** (his first name) - he said, I had no other chouce - personal debt and business and clients (an estate agency and letting agency)
Onwards and upwards...
No problems, only solutions - a simple, but effective motto for me it works!! Regards again Richard |
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qznhln1
New Member
68 Posts |
Posted - 05 August 2009 : 22:38:43
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I would advise anyone to steer clear of the HBOS group. When I ran into my financial difficulties they behaved like loan sharks calling my day and night (sometimes at 4am) and up to 15 times a day. When I complained they just laughed saying that they would harrass me until I paid up.
Not sure this is relevant but I will do whatever I can to drive customer's away from them! Just wish the Government had let them go to the wall unlike the majority of other hardworking people in this country. |
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Reviva UK
Advanced Member
United Kingdom
2452 Posts |
Posted - 05 August 2009 : 23:30:03
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Hi Ling
no point in activating the halifax account as it is 99.9% likely to be closed down.
COOP Cashminder account is the one you need
Paul Johns
Bankruptcy Specialists
Reviva UK
www.revivauk.com
Real People ..... Real Debt Solutions |
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Topic |
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bank account use and bankruptcy
