Debt management and self employment

Amyboo

Hi all

Me and my husband are thinking of doing a debt management plan. We've spoken to CCCS and they're going to get a counsellor to kindly phone us back in a couple of weeks time.

This morning we changed our bank account from the Royal Bank of Scotland to the Nationwide. We have a credit card, loan and a overdraft with RBS.

My husband and his business partner also have a business account with RBS, in which they have a £10k overdraft.

My question is if we go through with the debt managent plan would the RBS be able to go into his business account to reclaim money for the loan, credit card or the overdraft?

I'm not sure that they could get another business account really.

Thanks

taxi73

I would hazard a guess that they can go into his business account as they say in T&Cs that they can take money out of any account within that institution.

halight

Hi im not sure that thay can as a Buissnes is seprate from a person Thay are not the same thing. even if you own the buissness....

But cccs will be able to tell you where you stand

Goood luck and all the best

Amyboo

Thanks. 2 weeks seems an awful long time away when I feel so stressed.