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bluejoyce
Starting Member
United Kingdom
9 Posts |
 Posted - 03 January 2010 : 15:21:59
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| i am planning my br for february can i open a coop cashminder account before i go br as i intend to use this account to manange my money,or will it be closed as my hsbc account will be when i am bankrupt, as i am aware it can take up to ten days to set up as i wil need an account to have my pension payed in as it is payed weekly and i dont want to loose any of my pension payments many thanks joyce. |
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debtinfo
forum expert
2826 Posts |
Posted - 03 January 2010 : 15:33:04
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| Hi, yes you can open it before bankruptcy. It wont be closed by the OR, but occasionally it can get froven fr a short period of time whilst certain letters get sent back and forth |
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Richard P
Senior Member
United Kingdom
1701 Posts |
Posted - 04 January 2010 : 20:55:14
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Hi Blue joyce
when i opened my coop account they were very quick
we had a telephone interview and within a few days the account paperwork arrived.. really easy and straight forward.
Have you emailed one of the experts (paul @ reviva or Mel @ John giles) to confirm that Bankruptcy is the best route for you to take ?
good luck with the path ahead
regards Richard |
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gettingoutofdebt
forum expert
2418 Posts |
Posted - 05 January 2010 : 07:08:26
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If you want to ensure that the Co-op account is not frozen then you should not put it on the SOA. Strictly speaking you should put ALL bank accounts on the SOA however, at the advice of some people here, I didn't put the account on the form.
When I spoke to the OR's assistant shortly after being declared BR they asked whether I had opened a basic account. I gave them the account details over the phone and they were fine with it. There was no question that I had been trying to conceal anything by not putting it on the form. The account wasn't frozen, which would have caused me problems due to DDs being paid the following day. |
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Melanie.n
forum expert
United Kingdom
1282 Posts |
Posted - 05 January 2010 : 07:53:29
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Hi there
I recommend openeing the new account now and as 'gettingout of debt' states you do not list this on the bankruptcy forms. The forms should state please list all bank accounts where you owe money, then it would be clearer.
Technically on declaring bankruptcy the OR on receipt of the forms should notify banks listed and freeze all accounts, in reality they are too bust to do this immeadiately, so some people even when they list the new account don't have it frozen. If it had been listed in error the OR would unfreeze the account but this can take up to 5 working days, and as such you would have no access to your monies nor have any outstanding DD's paid out. By notlisting the new account you eliminate the risk.
When you have your telephone chat with the OR just inform them of the new bank and provide the details.
Hope this helps
Melanie Nicholas
29 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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i am planning my br for february
