Saving during bankruptcy

littlemouse2020

Am I allowed to try and save some money (however small) during my bankruptcy? If so, are we allowed to open a savings account? 

bradders1983

Of course you are, your finances will have been assessed at the start and you can do as you please with the money they deem you can keep.

luvchocolate

I was with coop during my BR..they wouldn't give me a savings account after discharge  but Yorkshire Building Society did .

littlemouse2020

luvchocolate said:

I was with coop during my BR..they wouldn't give me a savings account after discharge  but Yorkshire Building Society did .

But wouldn't the OR think "well if she can afford to save then perhaps she can afford to pay more towards her BR?"

bradders1983

littlemouse2020 said:

luvchocolate said:

I was with coop during my BR..they wouldn't give me a savings account after discharge  but Yorkshire Building Society did .

But wouldn't the OR think "well if she can afford to save then perhaps she can afford to pay more towards her BR?"

No. You are assessed at the start and that is it, unless you actually tell them you are now earning more or less.

luvchocolate

littlemouse2020 said:

luvchocolate said:

I was with coop during my BR..they wouldn't give me a savings account after discharge  but Yorkshire Building Society did .

But wouldn't the OR think "well if she can afford to save then perhaps she can afford to pay more towards her BR?"

I was discharged..so no debts to pay...no IPA in place. 
When people ask this question we are talking about very small amounts 

Minkym00

Are you currently in an IPA?

littlemouse2020

Minkym00 said:

Are you currently in an IPA?

Yeah 36 months paying back a certain amount per month. 

flipflopflo

You should be putting away your emergency fund savings and also your annual expenses like your MOT etc. The OR won’t worry about that sort of thing. 

bradders1983

They wouldnt even know, tbh.