Managing your money when bankrupt

Ms_Survivor

Hiya

I have recently been declared bankrupt. My bank knew this was going to happen, & there has been no problem keeping my basic current account.

However, I also have an old credit union account with about a fiver in it. The OR knows about this.

I would like to start putting my non-regular expenditure money into this old credit union account so I a. don't think I have more than I really do & b. am not keeping lots of cash at home. I mean things like oil, car MOT etc. Things I budget for monthly, but don't actually hand over money for every month.

Is this something that is likely to be ok? Or should I talk to the OR first?

Thanks a million :A

Ms S

tigerfeet2006

That sounds like an excellent plan to me. It really helps to keep on the straight and narrow and CU are a brilliant organisation.

Ms_Survivor

I think I will look into linking the accounts electronically & doing that.

I was a bit worried that the OR might just think any money I "save" in the CU would be up for grabs!

Thx

tigerfeet2006

As long as it is not over the agreed mounts for car, holiday etc. then you should be ok but don't let it build up too much, use it for the things you are saving it for.