Complicated business bank account set up

dleifne

Hi guys,

Hoping that someone may be able to offer some advice. I have a bankruptcy hearing on Tuesday and so I've been filling all the paperwork in over the weekend. I am a little worried because my self employed set up is not simple. I have not had great credit for a while and so when I started my business a few years ago my Dad offered to open a business account for me. I have been running the business using this account since and there's never been any problems. I am now worried about how I explain this in my paperwork, i.e. do I put the current balance of the account in the "cash held by anyone for you" box or not? Also a bit worried about what will happen once I am BR. Will the OR get a bit miffed that the account isn't in my name... or am I worrying about nothing?

Thanks in advance.

GordonSadler

You said it yourself that you had problems opening a business bank, so your dad did it for you - I dont see any problems with that explanation - provide copies of the statements, as they will verify the income of your business, expenses and your salary/drawings... Your being open and honest.