Bankruptcy help!

bery_451

hi,

i just been made bankrupt by my creditor and i have a 120 quid in my current account.

im afraid that the bankrupty order will freeze my money and account. i definately need that money for the christmas presents for the kids.

i like to avoid my bank account being frozen. please advise.

bery_451

anyone have any suggestions?

bery_451

what if i get a bankers draft payable to my self so if my account get frozen, i open another account and pay in the draft.

bankers draft is like cash/right so it cannot be frozen once it withdrawn from the account, im i right?

gazo

can you not just take the funds out before it might happen with your bank.

SalsaDanca

There's a dedicated MSE bankruptcy board. I'm sure they'll be able to help you. http://forums.moneysavingexpert.com/forumdisplay.html?f=136 .

bery_451

SalsaDanca wrote: »

There's a dedicated MSE bankruptcy board. I'm sure they'll be able to help you. http://forums.moneysavingexpert.com/forumdisplay.html?f=136 .

many thanks.

jonesMUFCforever

If you get a draft the bankruptcy will prevent you in most cases opening a new one - so you will be stuck with a useless piece of paper.

My advice is to get your trustee in bankruptcy to write to your bank telling them it is ok to let you continue to use the account on an in credit basis only.