if i go bankrupt where can i have my pay paid into ?

Get expert opinion. This is the place for new questions to be posted.
4 posts Page 1 of 1
 
 

maxbloo1

User avatar
Posts: 6
Joined: Sat Dec 08, 2012 9:51 am
Location:

Post by maxbloo1 » Sun Dec 09, 2012 12:01 pm
if i go bankrupt where can i have my pay paid into and pay my direct debits
 
 

Skippy

User avatar
Posts: 20720
Joined: Sat Oct 21, 2006 6:08 pm
Location: United Kingdom

Post by Skippy » Sun Dec 09, 2012 12:18 pm
It depends on your creditors but the Barclays basic account it still BR friendly and if you can open a Co-op Cashminder account before you go BR you will be ok. Failing that there are also the Clearcash, Think Banking and Secure Trust accounts but these all have a monthly fee.
 
 

SamuelMond

User avatar
Posts: 99
Joined: Fri Nov 09, 2012 10:31 am
Location:

Post by SamuelMond » Mon Dec 10, 2012 9:10 am
Hi Maxboo & Skippy, failing Cashminder, ive seen there is an account Natwest do that has been mentioned on the forum.

Failing that, yes the prepaid bank accounts are a viable alternative and you are guaranteed acceptance if you are 18 years of age or above... no credit check or anything is done.
Managing Director of ClearCash Limited, a general purpose and reloadable prepaid MasterCard facility. Campaigner for the unbanked sector believing that no one should be financially excluded. "Intelligent Money Management"

www.clearcash.co.uk

Check out our BRAND NEW video animation on Youtube: http://www.youtube.com/watch?v=1R7pCHdWgFo
 
 

MelanieGiles

User avatar
Industry Expert
Posts: 47612
Joined: Tue Jan 09, 2007 10:42 am
Location:

Post by MelanieGiles » Mon Dec 10, 2012 8:30 pm
So long as you do not have an overdraft on your existing account, or other debts with the same bank, you may be able to keep the old account open. If not, then the suggestions made above are sensible.
Regards, Melanie Giles, Insolvency Practitioner
4 posts Page 1 of 1
Return to “Ask IVA Forum and Industry experts”