Thriftkitten by name NOT by nature....

egrescrimp

More people currently use Barclays as a bankrupt, because they open new accounts for people who have gone bankrupt. The co-op used todo this, but they changed their policies. If you currently bank with Barclays you have a few options:

1) Move to the co-op cashminder account, as mentioned a few times already do not tell them you are going bankrupt during your application. There shouldn't be a problem keeping the account once you go bankrupt

2) Use a family/friends account until you are bankrupt and then go back to Barclays and request a cash card account.

3) There are some paid options, but I wouldn't personally recommend use of them due to the monthly fees with cardonebanking (£12.50 per month) or think money (£14.50 per month) or Ffrees which is £2 per month.

Thriftkitten

Hi, not a possibility to use a family account as I don't want my family to know...my mum would only worry and try to change my mind by feeling the need to bail me out somewhere which wouldn't really help.
I need somewhere to pay in my wages, benefits and have a couple of DD's to go out, so I think best to go with the co op... any advice RE the last part of my message before.... sorry i don't want to put anyone on the spot, so just say if you are not able to answer that, I just feel a bit overwhelmed with what to do first and about the car sitch.

egrescrimp

You've made the decision to go bankrupt, so cancel the none essential direct debits. It doesn't matter if you are doing it tomorrow or in 4 months time, just cancel them and start preparing for the future

Helpmeoutofthismess

Hi TK,

Once you have cancelled your DD's you are probably going to find you get inundated with phone calls I knew that if my creditors got me on the phone I would crumble under the pressure and pay them even though I couldn't afford it, so I unplugged the house phone until I declared BR! Luckily not many of my creditors had my mobile number but if I got any 0845 type numbers I didn't recognise they went straight on to my block list

H x

Thriftkitten

egrescrimp wrote: »

You've made the decision to go bankrupt, so cancel the none essential direct debits. It doesn't matter if you are doing it tomorrow or in 4 months time, just cancel them and start preparing for the future

many thanks x

Thriftkitten

Ok I have called co op for an application pack, I will have to wait to get the account open and let my work know and benefits so that they can pay into there which is going to take a few days.
Say i cancel non essential DD's today that will make my SOA incorrect by the time I enter into a BR because I will have more charges on top from stopping them, is that ok... Oh so many questions sorry.

TheGardener

Your SOA does not need to have any 'charges' on it or debt repayments because there wont be any once you go BR. If you cancel the DD's they can add as many charges as they like - you are not going to have to pay them so don't worry about it.
Just get the co-op account open and switch your salary, benefits etc over (you can do child benefit online now I think) Only switch over the DD's you intend to keep paying like rent, council tax etc

I didn't realise you could get help from British Gas with BR fees?

egrescrimp

TheGardener wrote: »

I didn't realise you could get help from British Gas with BR fees?

http://www.britishgasenergytrust.org.uk/help/bankruptcy-and-dro-applications

longtermplanner

TheGardener wrote: »

I didn't realise you could get help from British Gas with BR fees?

British Gas Trust and the other utility trusts are some of the major providors on bankruptcy fees.

fermi

One of the ones that comes under this umbrella I think.

http://www.charisgrants.com/