Things to do in preparation for Bankruptcy?

77blondie

Hollygoheavily wrote: »

Thanks for the replies!
Yes, I am in Scotland and I am using an Insolvency Practitioner.
Opening bank account in the morning and seeing the IP in the afternoon- I understand he's going to be my Trustee in Bankruptcy?
I'll have a look to see if I can find the Stepchange figures unless anyone has a link?

There's a link on one of my posts

SomebodyToldMe

I opened a co-op cashminder account before being BR- has been great so far- internet banking, take out/put money in via post office....hope they survive as I had debt with barclays!

mill1980

I just tried to google it to find it but I can't remember what I searched for the last time sorry but it is on here somewhere too

Mykidsrcool

I have read on the BBC Business site that there was a change being made to the insolvency law (2012) which meant that the bank would have less responsibility towards bankrupts and Co-op were considering allowing undischarged bankrupts to have accounts again. Not sure on their exact stance but i will find out soon enough.

alastairq

77blondie wrote: »

Does this apply even if you owe Barclaycard money as it's part of Barclays?

Well...it is, and it isn't!

BArclay card is a separate sector of BArclays.

In my experience, the two sides are separate entities.

[For example, a loan via Barclaycard [Barclayloan?] is dealt with entirely differently and separately, to a loan via one's BArclay bank account.]

Hollygoheavily

Opened a Barclays account no problem. They asked if I was going bankrupt so I fessed up and they still let me get internet banking! Seems to vary branch to branch?

georgiasmum

i am gong on Saturday morning. I hope they let me too! I couldn't live without internet banking!

georgiasmum

Well, I did it. 2 new Barclay's basic accounts. Internet access etc. They didn't mention BR and neither did I. I also applied for a new coop account just in case. So now I just need to tell the OR that my new accounts are bills and daily expenses? I am a bit nervous now.

owlet

Georgiasmum:
Don't panic, as long as you tell the OR that these are your day to day acounts it should be fine. There is a section on the form that asks this and you can also add it to the notes at the end if you like.
I opened a Coop basic account before my BR and nothing has changed at all. I still have internet & telephone banking and my account wasn't frozen
:-)

georgiasmum

should i make sure that my barclays accounts are virtually empty before i go br?