Bankrupt yesterday. no bank a/c and general panic taking hold.

finito

Most banks freeze your account when they find out you been declared BR.

fiveyearplan

A lot of people are under the wrong impression that they have to open up their account post bankruptcy. Anyway hindsight and all that...

080808

Hi andy, well, i though i couldn't open one before as it would get closed on the day of bankrutptcy..... i did have a good a/c with one bank but i asked them in advance if i could keep it and they closed it in a flash.

080808

okay, summoning courage and going to phone coop, i'll let you know how i go...

fiveyearplan

Wow - when it rains it pours - you just got 4 posts all at the same time!

fiveyearplan

08/08/08 wrote: »

okay, summoning courage and going to phone coop, i'll let you know how i go...

Good luck. Don't be shy, they can't see you!

peachyprice

zAndy1 wrote: »

Might be a daft question but why didn't you open an account before you went bankrupt?

It wouldn't have made any difference, all the non BR friendly banks will freeze/close your account as soon as you are BR. Merry Gentry even had her Co-op accounts frozen, and I had my Barclays closed.

The IS adviced is to open new account straight after BR.

peachyprice

fiveyearplan wrote: »

A lot of people are under the wrong impression that they have to open up their account post bankruptcy. Anyway hindsight and all that...

Not the wrong impression, it is what you are supposed to do, but the majority of people get away with opening a Co-op account before.

zAndy1

I was told to open my co-op account before I went bankrupt. If there's no money in (or very little) then the OR isn't interested in it anyway. You can open a basic account with no overdraft facility etc, the OR is only interested in who you owe money to and any savings you've got, a newly opened basic account is of no interest at all.

080808

OH MY GOD!!!!!!!!!
THANK YOU ALL SO SO MUCH.
i just phoned the coop- told them i am bankrupt, told them i had owed them money, they have just OPENED ME AN ACCOUNT. all being well it will be up and running within 8 days or so.
AMAZING.
thank you all so much not just for the great advice but for really seeing me through my crisis.
thank you - big smiley happy face