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  • FIRST POST
    • ian360
    • By ian360 14th Jan 08, 12:12 AM
    • 68Posts
    • 10Thanks
    ian360
    Filing bankruptcy and overseas bank accounts.
    • #1
    • 14th Jan 08, 12:12 AM
    Filing bankruptcy and overseas bank accounts. 14th Jan 08 at 12:12 AM
    Hello again guys,

    This is probably a very simple question - but once a bankruptcy has been filed, is it possible for them to freeze any international accounts in addition to my UK accounts? I ask because I also have a bank account here in Costa Rica and one in Australia (even though they both have nothing more than 20 in them). If they are also to be frozen during the bankruptcy, I will need to make alternative arrangements.

    Thank you in advance...

    Ian
Page 1
    • Richard_S
    • By Richard_S 14th Jan 08, 2:53 PM
    • 4,199 Posts
    • 6,861 Thanks
    Richard_S
    • #2
    • 14th Jan 08, 2:53 PM
    • #2
    • 14th Jan 08, 2:53 PM
    Hi Ian,

    The Insolvency Service has various agreements with other countries regarding bankruptcy, but to the best of my knowledge that only relates to the disposal of assets, and is predominantly with European countries.

    I would say the chances of your accounts being frozen in another country to be somewhere between negligible and nil. They even manage to miss bank accounts held by bankrupts in this country.

    Richard
    • ian360
    • By ian360 14th Jan 08, 4:55 PM
    • 68 Posts
    • 10 Thanks
    ian360
    • #3
    • 14th Jan 08, 4:55 PM
    • #3
    • 14th Jan 08, 4:55 PM
    Thanks for responding. In addition, do you know if they will also freeze my online PayPal account?

    Thank you.
    • Richard_S
    • By Richard_S 14th Jan 08, 5:09 PM
    • 4,199 Posts
    • 6,861 Thanks
    Richard_S
    • #4
    • 14th Jan 08, 5:09 PM
    • #4
    • 14th Jan 08, 5:09 PM
    Thanks for responding. In addition, do you know if they will also freeze my online PayPal account?

    Thank you.
    Originally posted by ian360
    Hi ian,

    I would doubt whether there's any money in your PayPal account.

    Ebay and Paypal are very strict about their customer's privacy and you have to give the O.R permission to see the details of your account. It's not the O.R who freezes bank accounts, it's the bank, and I would very much doubt whether PayPal would freeze your account unless there was evidence of fraud.

    I don't recall any body else saying that their PayPal account had been frozen, and there are a number of posters on here who use Ebay.

    Richard
    • ian360
    • By ian360 15th Jan 08, 1:51 AM
    • 68 Posts
    • 10 Thanks
    ian360
    • #5
    • 15th Jan 08, 1:51 AM
    • #5
    • 15th Jan 08, 1:51 AM
    Ah that is good news, as most of my clients pay me on PayPal... And of course there is no money in it... :rolleyes:

    Thanks for the advice guys...
    • fabianno
    • By fabianno 13th Jun 18, 11:24 PM
    • 1 Posts
    • 0 Thanks
    fabianno
    • #6
    • 13th Jun 18, 11:24 PM
    what about account in Singapore?
    • #6
    • 13th Jun 18, 11:24 PM
    What about if I have account in Singapore? Will they find out I own an account in Singapore?
    • diggingdude
    • By diggingdude 17th Jun 18, 3:50 PM
    • 418 Posts
    • 573 Thanks
    diggingdude
    • #7
    • 17th Jun 18, 3:50 PM
    • #7
    • 17th Jun 18, 3:50 PM
    maybe create your own post rather than commenting on something from 10 years ago
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