what should i do re bank acc

confused76

hiya...
i took my wages out of my account earlier this month for living expenses.
i am due to go br next week and have opened a coop cashminder account already.
do i pay the remainder of my wages into the cashminder or just declare the cash on my form and leave the cashminder until after the br?
i'll be completely honest with the OR as the cash i have is allocated for bills etc - is it easier if i leave the cashminder til post br and then set back up the dd's etc?

thanks v much 4 listening to my ramblings! x

kerrypn

Hi

It doesn't matter. The OR will not freeze this account as it is appropriate for bankruptcy and it is where you pay your bills. Whichever option suits you

confused76

thanks Kerry!:D

sagittarius_2

hi,
we left enough money in our account to cover dd's and took the rest out (under advise from cccs and here), our initial conversation with OR reassured us that it should be ok and if account does get frozen (barclays cashcard account) that it will only be for a max of 24 hours.
We'll let you know what happens cos bank should receive letter from OR next week.
Good luck xxxx

Minxz

Hi Confused,
I was advised by the CAB to take all money out the account, ans cancel any DD's, and just pay everything in cash for a month, then open a new account for the wages to go into. I did this also as I had opened a halifasx basic acc for a few months so we could actually use my wages rather than them get swallowed up in the overdraft.. but didn't keep it running during the bankruptcy week, as sometimes they can suddenly freeze accounts when they decide to!
I opened a Barclays basic account the day after BR, and it's just what i need
I had a whole months wages in cash, and the OR was fine with that, as it was for living costs.
x

MicheH

So pleased to see you posting your questions confused (I thought she was already BR the amount of support she's been giving other people!)

confused76

thanks everyone for your help - i'm keeping hold of it til after br then will set up my dd's from the new acc afterwards. obviously i will disclose it to the OR (it is all spoken for bills petrol etc). do i list it as an asset on the br forms? i guess so?

thanks MicheH LOL;) i'm sure there will be more questions over the next few days xx

MicheH

No confused, don't declare the money as an asset hun, it's not for pickings by the OR it's your wage to live off this month. I would tell the OR that you have put the money where ever it is - new account/under your bed to live on and pay bills this month, when you talk to him or her after the BR court order, just so you know you're being above board and the OR knows where these hundresd have gone and what for We had withdrawn all our money from our account the day of BR reeady to put into our new account, we just gave the OR a heads up as to where it went and why, not a problem

confused76

MicheH wrote: »

No confused, don't declare the money as an asset hun, it's not for pickings by the OR it's your wage to live off this month. I would tell the OR that you have put the money where ever it is - new account/under your bed to live on and pay bills this month, when you talk to him or her after the BR court order, just so you know you're being above board and the OR knows where these hundresd have gone and what for

thanks so much MicheH...i really wasn't sure, didn't want to leave it off in case i got shouted at and flung in the dungeon:D

thanks lovely x

sagittarius_2

We took majority of ours out and not put it on form cos already allocated to council tax, gas/elec etc so if we get flung into a dungeon we'll meet you there lol

seriously tho, am sure it'll be ok and can i just say that after court yesterday, I feel SO much better.......even went out today in public and held my head up high........which i've not been able to do for a long long time.

xxxxx

confused76

sagittarius wrote: »

We took majority of ours out and not put it on form cos already allocated to council tax, gas/elec etc so if we get flung into a dungeon we'll meet you there lol

seriously tho, am sure it'll be ok and can i just say that after court yesterday, I feel SO much better.......even went out today in public and held my head up high........which i've not been able to do for a long long time.

xxxxx

it'll be a busy dungeon LOL
i'm so glad you feel better after court...i hope i am the same.
my head is an absolute jumble at the moment, i can't think straight and my memory is shocking. my br is thursday so not long to go...:o xx