Co-op account - stay open?

b-man

hi all,

Ive been advised that you can keep your Co-op account open when going bankrupt except when you owe money on it.

Has anyone else found this to be true?

thanks,

bman

philnicandamy

if its a basic cashminder account i've only known of 3 occasions where an account has been frozen/closed (that was a grumpy OR in brighton)

make sure you have enough in the account to cover household bills etc any more cash then the receiver "could" take an interest

b-man

yep its a cashminder from when i started my DMP. not much in there at all so should be good. thanks for your advice

yellowmonkey

Hi

I contacted my OR yesterday about using my cashminder that was opened before I went BR. He said as it was for day to day living there would not be a problem.

As Phil says just make sure there is not a lot of spare cash in there only what you need to cover your outgoings.

ym

DEBT_23

i go BR this thur ( 26th march) and get paid the 30th. my wage i need to cover BR fees that i have borrowed and mortgage/living expenses, will the OR allow me this ?
is also in a basic barclays cash card account ,

jellygirl_2

Ive had no problem with my Cashminder account - went br 2 weeks ago and its been fine:) I did draw all the money out before though, just as a precaution but it hasnt been frozen and dds coming out too, no worries.