About to submit Bankruptcy

Mart7379

Quick question. 
Im about to submit my bankruptcy application, after speaking with my bank Santander, they have informed me my account will be frozen until a decision is made in regards to whether I can continue using the account. 

Obviously the application requests details of all bank accounts. I have been instructed by CAB And Stepchange to open a basic Bank account, should this be done with my income sent to the basic account and details of the account be included in my application. Or does this need to kept separate from the bankruptcy application. 

Just a little worried all of my accounts will be frozen and be unable to pay rent, council tax or even be able to go and do the weekly shopping

luvchocolate

Is your Santander account a basic one?if so the OR will notify them that they have no interest in the account and Santander hopefully not freeze it. 
If it's a current account I would open a basic account with a different bank and transfer everything over..Barclays..Co op and Nationwide get good reports. 
Avoid the Halifax group they are not BR friendly 

luvchocolate

All your accounts need to be listed on your application 

Mart7379

It’s a current account with Santander, no overdraft facility but it also isn’t a basic account. I have a monzo account (have included details of this account in my bankruptcy application) and opened a HSBC basic account. Not sure if they are BR friendly? My wife had a Halifax account when she entered into an IVA and the bank refused to allow her access to money that paid for childcare!! (Plus I have outstanding debt with the Halifax included in my debts to be written off in the BR) 

Fully understand I need to include all details of ALL accounts I hold, was just worried I would be left without any income for a week or 2, and be unable to pay essential bills. 

Thanks @luvchocolate

sourcrates

Withdraw cash to cover your essentials just in case, you need to think ahead worse case scenario.

Mart7379

Thanks Guys, just awaiting funding from a charity I am a member of, then the application will be submitted. Tempted to also wait until the wife is paid around the 15th just in case all my accounts are frozen, including the basic accounts, so their is her money to fall back on if needed. 

MissFlossy222

I always recommend waiting until your rent and CT have been paid for the month, take out cash to tied you over, then press submit.

Mart7379

My rent is and has always been paid weekly as I receive my income weekly. I will just delay my submission until the wife gets her monthly income on the 15th, having said that it takes at least 7 days for the bank to receive notification from the OR the bank told me when I spoke to them the other day. 

Mart7379

Thanks again for your advice 

luvchocolate

alortins78 said:

Thank you for sharing your experinece

Hi there is a thanks button for that 

JJ_Egan

With ten near identical post in a short space of time just a post count spammer .