Bank account before bankruptcy

chipdouglas

We are in the steps of going bankrupt and hope to do this in March. At this moment in time i have just one question. Can i get away with opening the Barclays basic account before going bankrupt and not get it frozen?
It would be helpful if i could as then i can get my wages put in there and all DD's set up rather then panicking at the last minute trying to get all the bills paid etc.

Any help appreciated! :cool:

dojoman

Are Barclays one of your creditors?

chipdouglas

Nope, Nor are Co-Op so i could effectively go with either.
Creditors will be Lloyds TSB, C&G, Citi and M&S CC - Not all mine i may add but will both be going for the same account.
I did have a Barclays CC years ago, but paid it off with +£20 credit still on it (I mean not owing Barclays anything they had £20 extra) so would that in effect affect anything?

dojoman

Then you should not have a problem then, I opened my Cashminder account 10 weeks before I went to court. Bear in mind that the coop cashminder account will give you internet access whist the Barclays will not whilst you are BR.

chipdouglas

Can i also add, that i have a Natwest Basic account and a Gold account. Neither have any overdraft and i ow nothing to NatWest so would that be froze or could i keep it open and running as is?
Thanks!

chipdouglas

dojoman wrote: »

Then you should not have a problem then, I opened my Cashminder account 10 weeks before I went to court. Bear in mind that the coop cashminder account will give you internet access whist the Barclays will not whilst you are BR.

Ahh right. In that case i would prefere Co-Op then. Will it freeze when i go bankrupt or just continue as normal?
Thanks for the advice dojoman! :beer:

dojoman

Natwest are not BR friendly at all so I personally would abandon those accounts. The Coop account will not be frozen just tell the OR it is for your everyday needs and you will be fine.

chipdouglas

Brilliant! Thanks dojoman! I shall be opening a co-op account and getting everything sorted then. That's one less worry now!

HateBanks

dojoman wrote: »

Natwest are not BR friendly at all so I personally would abandon those accounts. The Coop account will not be frozen just tell the OR it is for your everyday needs and you will be fine.

Hi, sorry to hijack this thread, dojoman...do you know if Natwest Step account would be able to remain open? I dont owe Natwest any money at all. I have opened a Co-Op one in anticipation, but really love the instant way the natwest one operates, Co op are soo slow to show transactions!
Cheers.

chipdouglas

HateBanks wrote: »

Hi, sorry to hijack this thread, dojoman...do you know if Natwest Step account would be able to remain open? I dont owe Natwest any money at all. I have opened a Co-Op one in anticipation, but really love the instant way the natwest one operates, Co op are soo slow to show transactions!
Cheers.

I would also be interested in finding out. As you say NatWest instantly show transactions which is very helpful!

andyf1980

Personally I wouldn't take the risk. If they are not one of your creditors then it might be ok.

My suspicion is that if the or doesn't advise them then the account won't be closed. I'd be surprised if they check against the insolvency register.