We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
Bankruptcy & third party bank accounts
realgonekid_2
Posts: 44 Forumite
Just a quick one....
If your made bankrupt and they want to see want to see your bank statements how does that work if you have been using a third parties account (a very close friends) and your own account has not been used for quite sometime. I have no issue them seeing my own and any that I have closer but can they demand and can you be forced to let them see someone elses.....
If your made bankrupt and they want to see want to see your bank statements how does that work if you have been using a third parties account (a very close friends) and your own account has not been used for quite sometime. I have no issue them seeing my own and any that I have closer but can they demand and can you be forced to let them see someone elses.....
0
Comments
-
It will be about proving your income - pay slips, paying-in receipts/slips, a bank statement with all the other transactions redacted...?
You need your own bank account sharpish - get something like a Barclays Basic (if you don't owe Barclays bank money)0 -
I will be opening a Yorkshire building society transactor account if/when I do the deed0
-
Does anyone know if the OR can demand access to third party accounts though?0
-
I don't know. At the end of the day what the OR needs to do is see evidence of what your income is and whether you have any assets. If they believe you have assets in someone else's account - I have no doubt that they will have the power to approach the bank and ask for details.
If you want to protect your 'close friend' then open your own account asap and be prepared to be cooperative and to answer all the questions the OR puts to you.
What is your friends view on this? Is your friends bank happy to allow you to 'share' the account - has your friend checked they are not breaching the terms and conditions of their account?0 -
I don't have any assets in their account. The bank obvs don't know.i am opening an account tommorrow. I guess I am just looking for a definitive answer0
-
In addition my friend was not bothered as they opened a separate account for me. Yorkshire building society is the way to go it seems0
-
Sorry for hijacking this thread but have been trying to open a basic bank account but the banks just say I cannot whilst i have a current account.0
-
I have a couple of current accounts and have recently opened a basic account at TSB. I told them I was thinking about going bankrupt. I had to go into branch as the website was being upgraded. Give them a go.0
-
I have a couple of current accounts and have recently opened a basic account at TSB. I told them I was thinking about going bankrupt. I had to go into branch as the website was being upgraded. Give them a go.
I can’t as I have a Credit Card with them. I tried Nationwide but they said you can’t open a basic account whilst you have a current account with soneone else.
I am struggling to open one. It means I have to wait until after I apply for BR and risk Natwest taking my wages to pay for the overdraft and CC I have with them when the account is frozen because then my DD will not get paid0 -
Can’t you withdraw your money from your Natwest account before you press the BR button?
You will need money to live off of etc whilst your accounts are frozen.
Have you cancelled the direct debit for the CC ?0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 353.7K Banking & Borrowing
- 254.2K Reduce Debt & Boost Income
- 455.1K Spending & Discounts
- 246.8K Work, Benefits & Business
- 603.2K Mortgages, Homes & Bills
- 178.2K Life & Family
- 260.8K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards