Bankrupt today!! Not sunk in yet, i'm confused

hj_uk

Just had huge row with my boyfriend who said it sounds highly illegal, and that surely that if i was allowed to open another account then the OR would have told me to, I was told at the court that if i needed money then the bank would have to contact the court to release some funds. Please help before i kill him, he's driving me up the wall!!!!

skylight

Just kill him. It will make you feel better....

fermi

Tigerfeet is correct.

95% of the time Nastywest won't let you keep even the 'step account'.

Nastywest staff have the annoying habit of telling you that the account will be OK, but when their head office is notified it is normally shut PDQ.

We have time and time again seen the branch/call centre staff promise that it will be OK, only to see that decision overruled later.

skylight

I am sorry. I have low tolerance of immature, babyish OH. Send him back to his mothers instead.

Toon_Dave

Barclays and Co-op ARE BR friendly so as Skylight says, Kill him or tell him to SHOVE off as this advice has come from many peoples years of experiences and Professional advice.

Go get 'em girl.

Dave

hj_uk

lol!!! so is it legal to go and open another account then? Don't want to get into trouble, Helen

rog2

skylight wrote: »

I am sorry. I have low tolerance of immature, babyish OH. Send him back to his mothers instead.

I think I preferred the sound of your first suggestion. :rotfl: :rotfl:

fermi

skylight wrote: »

Just kill him. It will make you feel better....

:rotfl:

Or make him read this official info: What will happen to my bank account

Do I need to tell the official receiver or trustee about my new bank account?

You do not need to tell your official receiver or trustee about any new bank account opened after the date of the bankruptcy order unless you are asked for that information. You do need to tell the official receiver or trustee about any money in the account that is more than you need for reasonable living expenses. The official receiver or trustee can claim the surplus amounts, via an income payments order (IPO) or an income payments agreement (IPA), to pay your creditors. Your trustee may apply to court for an IPO, which requires you to make contributions towards the bankruptcy debts from your income. The court will not make an IPO if it would leave you without enough income to meet the reasonable domestic needs of you and your family. Or you may enter into a written agreement with your trustee, called an IPA, to pay a certain amount of your income to the trustee for an agreed period. IPOs and IPAs continue for a maximum of 3 years from the date the order is made by the court or the date of the written agreement. If you fail to cooperate, the trustee may intervene in the bank account.

hj_uk wrote: »

lol!!! so is it legal to go and open another account then? Don't want to get into trouble, Helen

Yes!

Toon_Dave

its is perfectly fine as long as you do not hide the fact you have been made BR. As long as all is disclosed then nothing 'illegal' has been done.

skylight

Basically -
You are bankrupt now. That means all your assets and financial affairs etc. up to the moment in time you are BR become the OR's.

After BR, they are only interested in anything between now and your discharge date that could off-set your BR or pay back your creditors (like a lottery win or inheritance or equally sums of extra money over your living expenses).

Get yourself a new account pronto. Smile nicely at OH. BR is not a defense in a court of law, but we can sure argue about PMS.....