Some more questions!

Minxz

Hi again,
Thank you very much for the replies on my last posting.. it was very reassuring.
However, i am panicking about the whole Br thing, and it's making me really nervy.

Couple of things I thought about.. what shall i do about child benefit? Should i open a Br friendly account beforehand to get it paid into?
What about wages, should i get those paid into a new account too?
Do these accounts have debit cards( you can't go overdrawn with those can you!) or allow direct debits.. as i am wondering how we will pay things like car insurance, gas etc, as it's cheaper by dd.

The thing that makes me most unhappy is that my children will suffer
I have 2 at Uni, and try to help out sometimes buy getting them Grocery vouchers, but can't do that anymore. Also I have a teen at home starting college soon, and I don't know how we will be able to buy her school books or allow for her to go out.. am I right that pocket money is included?

Is there someone I can talk to on pm.. as there are some questions I want to ask privately

Thanks ever so for taking the time to read my worries!

fiveyearplan

Hi Minxz. You can open a basic bank account with no overdraft facilities (Coop or Barclays will allow you to keep your account post BR). When you go BR just let the OR know you opened that account in anticipation of bankruptcy. They do come with debit card (Coop for sure and I think Barclays do now too if you apply for it otherwise it comes with just a cash card).

You can still buy your children grocery vouchers with your surplus. As for your youngest - have you looked into an EMA? I think the thresholds are £10 per week if your income is up to £30K, £20 if up to £25k etc but check the figures to be sure. Anyway, this will teach them all how to manage their money. Do you still get child benefit for the youngest, if so can you spare any of it for their pocket money?

You can pm me if you like to ask the other questions.