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Saving while bankrupt

Hi all

If after being given say £180 to live on while bankrupt a month, i say live on £130 can i save the £50 in a bank account or will the receiver take money i dont use?

regards

Comments

  • Dodger61
    Dodger61 Posts: 384 Forumite
    The £180 would have to be left from an IPA. Anything over £99 will count as a surplus. No they will not take anything left over. Use any surplus for day to day living or emergencies.
  • sorry, maybe i didnt explain myself. After Ipa sorted and all expenses calculated, if i dont need as much to live on as originally agreed. So my living expenses are for example stated as 180 but i only need 130 and for 4 months build up £200 in a bank account is that for me to do what i please with or can it be taken while bankrupt. Looking at it another way if i want to save half my surplus of £99 can i build it up in a bank? or will the or look at the account before discharge and take it?
  • dalip
    dalip Posts: 7,045 Forumite
    OR's do not keep tabs on you bank accounts after bc and if you wish to save that is entirely up to you.No they wont ask for it back. Dx
    Free impartial debt advice available from: National Debtline - Tel: 0808 808 4000 | The Consumer Credit Counselling Service (CCCS) - Tel: 0800 138 1111 | Find your local Citizens Advice Bureau
    Laugh at yourself and others laugh with you.Laugh at others and you laugh alone. BSC No 107:D
  • iquit
    iquit Posts: 1,939 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    From previous posts it seems quite a few BR (discharged & undischarged) people have savings accounts with no problem. Others have opened a 2nd co-op cashminder when they've been unsuccessful at opening a savings account. As far as I'm aware the OR expects us to save for annual fees e.g MOT, road tax etc and therefore we would need to keep it seperate from our daily/ weekly/monthly budget. If you do a thread search on savings accounts you'll get more info. Good luck.
    2019 MFW No. 74 £13700/£30000 (45.66%)
    12k in 2018 No. 98 £6274.19/£18000 (34.85%)

    BTL (start) £97440.00 (current) £68000.00
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  • restofmylife
    restofmylife Posts: 201 Forumite
    Part of the Furniture Name Dropper Combo Breaker
    Open a Yorkshire Building Society Internet Saver, you get a link card with it and very easy to operate. A lot of us here got accepted online straight away.
    Waiting for defaults to start self managed DMP
  • thanks guys
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