Bank Account

Worri373

Hello,

Just a quick question for clarity. Our day at court is 8th Sept. CCCS advised that Co-op would give us a bank account. The bank account is now open with nothing in it. We are not in arrears with Council Tax or water rates etc. The DD's leave our Barclays acct in the next few days. I would like to then cancel these and give them the new details for Co-OP. I intended to get work to pay me into the Co-Op on 12th Sept. Will this be okay or should I contact a family member to recieve our wages until later. If so, what should I do with the DD's and how will I pay them?? Many thanks

skylight

Do the DDs leave the Barclays account before the BR date then?? (I am assuming they are).

Then leave them to be paid. You don't want to get into debt with them now. As soon as they are paid cancel the DDs with the Barclays account and get all DDs and income paid into your new Co-Op account - that one will not be closed on BR (they very, very rarely are).

Worri373

Thank you - yes they are due before BR date so thats fine. Should I tell the court that this account is open even though there will be at that time nothing in it?

Thanks

skylight

Not the court - the OR. The account still needs to be listed on your court forms though. The OR will declare that he has no interest in it (the Co-Op one!)

Worri373

HI,

When you say he will declare no interest in it, does that mean to Co-Op or to me? Sorry, I am stressing so much now and can't think straight! I have worries that we get the wages paid in and then it is frozen and we will have no money to live on thanks

skylight

Basically, all accounts are supposed to be closed upon your BR stamping at the court. However, ORs are well aware that these days it is not a realistic thing to do, so if you have an account that is basic and you owe no money on it then they are not interested in it at all (you owe nothing and have no savings they can claim etc). However, in this situation, the bank themselves are allowed to close an account to a BR if they want to - so although the OR may have no interest and may allow you to keep the account the bank may close it - Halifax do this; you will never keep a Halifax account cos they hate BRs!

The Co-Op is the BRs friend. They love us and happily provide Cashminder accounts to us paupers. The OR should declare no interest in the account and the Co-Op let you keep it open and wont freeze it. Almost all of us here have a Co-Op account opened for this reason alone at the point of BR. In the rare case of this going wrong (cos you can never say never) then its a simple fax from the ORs office to the bank to confirm no interest in it.

Worri373

Thank you Skylight!

I have never been so nervous, scared, stressed etc! I am really grateful for your replies, thank you.

Angiepange

Worri373 wrote: »

Thank you Skylight!

I have never been so nervous, scared, stressed etc! I am really grateful for your replies, thank you.

Hi

Just wanted to say I know how you are feeling in the run up to your day in court. We went BR last week and I felt just like you do BUT it was so different to what I was expecting. Everyone was professional, friendly and non-judgemental. It went so smoothly and we were in and out in 3 hours.

I walked away feeling quite numb but with a huge sense of relief. We opened our co op cashminder the week before BR and when the OR spoke to us on the phone on the day he asked us where wages, benefits etc would be paid into. We gave him the new account no. and he said that would be fine.

Angie x

Worri373

Angiepange wrote: »

Hi

Just wanted to say I know how you are feeling in the run up to your day in court. We went BR last week and I felt just like you do BUT it was so different to what I was expecting. Everyone was professional, friendly and non-judgemental. It went so smoothly and we were in and out in 3 hours.

I walked away feeling quite numb but with a huge sense of relief. We opened our co op cashminder the week before BR and when the OR spoke to us on the phone on the day he asked us where wages, benefits etc would be paid into. We gave him the new account no. and he said that would be fine.

Angie x

Thank you, Angie. We have had a DMP for two years but then NR repo the house so we feel like we have very little to lose, its been so horrific and I know this is the final stage but it is all consuming at the mo. Thank you for your reassurance

dottypops

I have a basic account with A&L which is where my salary is paid into. I recently moved into rented property as my house was repossessed. I received in the mail the standing order form which my Landlord had sent to them to enable me to pay them saying that they cannot pay SO from this account - rent due at the end of the month. Took them 4 weeks to advise me!!!
I had opened a basic Barclays account a couple of weeks back really just incase I needed it ( incase A&L closed my account) as I hope to be my sequestrated very soon - but this wasnt included in the forms I sent to the AIB.
However looks like I will have to get my salary transferred now into this account so that the rent can be paid by SO next month. Should I let the AIB know of this now and the reasons why or should I just let them know after declaration of bankruptcy?