Disability benefits and bankruptcy advice

immoral_angeluk

debtinfo wrote: »

he wont get an IPA in any event as his whole income is from benefits

Oh yea... D'oh! That's what I get for skim reading lol!

robbond55

Sorry - thats one thing I missed out looking through the bankruptcy sections...whats an IPA?

robbond55

Sorry - got IPA now. Been reading a lot more on it but there is a lot to take in - have e-mailed my local CAB to try and get in to see someone about it. My main concern may just be a silly one but to manage on our income we have to juggle money around the three accounts we have - between me and my wife with the Co-op bank. We we transfer money to and from each account as the benefits we receive are spread between my wife as carer and myself but I am worried with bancruptcy we will have no access to these accounts and therefore no day to day living expenses until the receiver says so.
What can I do as this is now starting to worry me the more that I think about it.

immoral_angeluk

You should open a basic bank account and have all your income and outgoings through that. It has to be a basic bank account though ie not credit/debit card or overdraft. The OR will allow you that but any other accounts will be frozen so it's best to get it sorted prior to going BR.

robbond55

Thats great - so at least I can get the benefits paid in and take money out for shopping etc - would I still be able to have my direct debits changed to come out of this account?
By the way thank you everyone for your continued help and advice!

sizzler

coop are very BR friendly and many of us use them. You get card and online banking and yes DD and Sorders.

sizzler:)

robbond55

Thanks sizzler -I am already with the coop with current and smartsaver accounts so can just open the cashminder account if it is a basic bank account - At least thats what i think it is.
Hope coop agree to let me have an account if I'm declared BR anyway as I have probably peed them off anyway with a complaint to the FOS about bank charges for a hardship case - I wrote to them on this by recorded delivery three times - all letters received but noT one reply until I received a general letter about the supreme court bank charges judgement.
I thought it was gloating a bit - rather "un-ethical" for the 'ethical bank'!

robbond55

By the way every outgoing and direct debits have been trimmed to the lowest they can go - all service and utility providers changed to the lowest cost.
Not much else I can do now.

sizzler

good for the dds.

Yep coop cash minder.

Any help let us know sizz:j

dojoman

robbond55 wrote: »

Thats great - so at least I can get the benefits paid in and take money out for shopping etc - would I still be able to have my direct debits changed to come out of this account?
By the way thank you everyone for your continued help and advice!

The coop will transfer all your DD`s for you.:)