Bankruptcy & foreign bank accounts

moominsheep

Hi

My (unmarried) partner of six year's property in the UK is being repossessed and sold because he has a diagnosed long-term back condition preventing him from working and generating any income to cover his mortgage payments. Recently his benefits were stopped on the basis of his age (as the Benefits people thought such a condition was unrealistic at his age) and the fact we have moved abroad.

The property is in negative equity and he doesn't think he will be able to pay the shortfall (about £20K).

He recently moved to France to live with me and our baby because I got a job here. He is completely dependent on my income as he is a 'house-husband' to our baby while I'm at work.

We currently rent a property and the lease is in both our names. He has no worldwide assets, has a UK loan debt and a couple of defaulted UK bank accounts with small overdrafts which are not in use.

I opened a French bank account recently for my salary, which is in our joint names just so he could have a debit card of his own. It only receives my income into it.

What I need to know is if in the event of bankrutpcy, will the account be frozen by a Official Receiver?

If this is the case, I will need to remove his name from the account in case the lender commences bankruptcy proceedings.

Any advice would be gladly received!

debtinfo

Hi moo. It is not usually the OR that freezes the bank account but the bank itself. The bank gets notified by the OR and then they decide if they will carry on letting him using it. Even if he takes his name off now he may still need to declare it on his bankruptcy forms as a recently used account