What now?

luvchocolate

The Halifax are not BR friendly...I would suggest opening a basic account elsewhere 

sacha28

It is just a basic account that I opened about 15 years ago and never bothered upgrading, so no OD or anything. It's the only bank I've ever had (prior to this I had a joint account with my ex, also with Halifax, which had my name removed when we split) and have never owed anything to Halifax, or the other banks you have mentioned

sacha28

luvchocolate said:

The Halifax are not BR friendly...I would suggest opening a basic account elsewhere 

Oh are they not? Ok, may need to think again then. So do I open now (just need to pay for the BR, I have been approved for a grant so just waiting on them to pay the fee which will now probably be Monday) or do I open the day after the fees are paid?

So sorry if I'm being frustratingly stupid, it's all a bit overwhelming.

sacha28

I've just been reading some other threads on the BR board, seems I'm somewhat naïve on the whole process (that and I have tried not to overthink things...AKA head in the sand). 
Once the fees are paid, would anybody be able to tell me what to expect after?

sourcrates

sacha28 said:

I've just been reading some other threads on the BR board, seems I'm somewhat naïve on the whole process (that and I have tried not to overthink things...AKA head in the sand). 
Once the fees are paid, would anybody be able to tell me what to expect after?

Normally your bankruptcy will be approved pretty quickly, you will have a telephone interview with the OR, more of a box ticking exercise than anything else, they will tell you if they want anything else from you, then that`s it, if you have disposable income over £20 per month, you may get an IPA, aside from that, nothing more to it really, wait out your 12 months till discharge.

sacha28

sourcrates said:

sacha28 said:

I've just been reading some other threads on the BR board, seems I'm somewhat naïve on the whole process (that and I have tried not to overthink things...AKA head in the sand). 
Once the fees are paid, would anybody be able to tell me what to expect after?

Normally your bankruptcy will be approved pretty quickly, you will have a telephone interview with the OR, more of a box ticking exercise than anything else, they will tell you if they want anything else from you, then that`s it, if you have disposable income over £20 per month, you may get an IPA, aside from that, nothing more to it really, wait out your 12 months till discharge.

Thank you sourcrates, as usual you are most helpful.
I'm actually in minus numbers so I don't think there will be an IPA but I guess you never know.
I was hoping the fees were going to be paid today, although I only emailed  the Trust with the payment reference number at about 1pm today so will probably  be Monday now. My wages are going into my husband's account until this is all done and I know whether I can still use my Halifax account. 
I actually can't wait for the day where my voicemail box doesn't fill up within a 12 hours

mwarby

sacha28 said:

luvchocolate said:

The Halifax are not BR friendly...I would suggest opening a basic account elsewhere 

Oh are they not? Ok, may need to think again then. So do I open now (just need to pay for the BR, I have been approved for a grant so just waiting on them to pay the fee which will now probably be Monday) or do I open the day after the fees are paid?

So sorry if I'm being frustratingly stupid, it's all a bit overwhelming.

The account you have while basic in features, probably isn’t their basic account (https://www.halifax.co.uk/bankaccounts/current-accounts/basic-account/). Bank of Scotland was my parachute account while getting IVA, and I had no problems, but that was going on for 7 years ago. I believe Nationwide are bankrupt friendly, HSBC (and by extension First Direct and M&S) always used to be not bankrupt friendly at all.

luvchocolate

Barclays..Nationwide and coop get good reports on here stress must be a basic account. 
Avoid the Halifax group 

thevdm

Co-op and Nationwide are good for basic accounts. Nationwide you can apply online, Co-op requires applying by post so it can take some time to set up. I applied for a Nationwide account about an hour after submitting the online bankruptcy forms, the account was open and ready to use within a week and was never frozen. Obviously if you owe any money to Nationwide then they might not be the best one to go with.

As for the voicemail not filling up, that day will come very soon, once you've got the bankruptcy reference number, answer the phone or call them back to let them know, other than the odd statement throughout the year they won't call you again once they know.

sacha28

The banks are probably the only companies I don't owe money to 😆 
So, back to my original query...should I risk it and apply for a nationwide basic account now? Or wait until the Trust have paid the fee? I just don't want to be in a situation where I have no account to put my March wages into (I get the feeling I'm making this way more complicated than I need to 🤦)