I am frantic! What can I do?

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guiness

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Post by guiness » Mon Aug 20, 2007 10:58 pm
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Ive just read something which concerns me on the site, about your bank account being 'frozen' when you go bankruptcy.
I opened a new account because my old one was with one of my creditors. The new one that I opened is a basic account with only a cash card and no overdraft facility ( because of my credit rating). Will i not be able to keep this account if I file for bankrupcy?
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MelanieGiles

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Post by MelanieGiles » Mon Aug 20, 2007 11:46 pm
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That will be down to the decision of your bank Guiness. It might be wise to check with them to see what their policy is in this regard before you petition.

Regards, Melanie Giles, Insolvency Practitioner for over 20 years.

For further details contact me at http://www.melaniegiles.com and view my IVA blog at: http://melaniegiles.blogs.iva.co.uk
Regards, Melanie Giles, Insolvency Practitioner
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guiness

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Joined: Thu Jun 07, 2007 10:14 pm
Location: United Kingdom
Post by guiness » Tue Aug 21, 2007 8:21 am
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Just wanted to thank everyone for their help.

The IVA has gone so far now I feel it would be hard to start again with another company. I think I will give the IVA a go and see how I manage with bk being another possiblity. Will let you all know how I get on.
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