Question:
Hi, I used your service for my bankruptcy and I am now discharged. If I open a bank account with a previous creditor, can this bank ever freeze the account or confiscate any moneys? Thanks.
Answer:
Thanks for using the assistance service.
Once the bankruptcy and debts are discharged, you can open an account at any [...]
9 February 2010
Will My Royal Bank Of Scotland Account Be Frozen In Bankruptcy?
Question:
I have a managed bank account with Royal Bank Of Scotland [Think Banking] will they freeze this account or will I be allowed to keep it as there are no credit or overdraft facilities allowed?
Answer:
You are allowed a basic account whilst in bankruptcy, you can inquire with your bank as to if they allow bankrupts [...]
9 February 2010
Will Our Joint Bank Account Be Frozen If I Go Bankrupt?
Question:
I am going to declare myself bankrupt but have a joint bank account with my husband.I am a stay at home mum who does not work so all the money that goes in the account are from my husbands earnings to pay direct debits that are in his name not mine.
I know that the best [...]
9 February 2010
Can My Bankrupt Daughter Be On My Bank Account?
Question:
My daughter is a bankrupt and after her bank account was frozen, she has been unable to open a bank account due to inability to prove her id. Since she has no bank account we have arranged for her wages to be paid into my bank account. My bank account is never overdrawn; however someone [...]
9 February 2010
If My Husband Goes Bankrupt Will They Freeze My Bank Accounts?
Question:
My husband and I both bank with the same bank, one joint account (no credit facilities so not overdrawn) and one account each in our own names (his is overdrawn). If he goes bankrupt will the bank freeze the account held solely in my name because we are associated through the joint account?
Answer:
He is allowed [...]
Question:
I broke up with my partner over a year ago leaving her with the financial responsibility to pay for the house. I told her that the house was hers so long as I never pay another bill. Since then my debts have reached an unmanageable level and there has already been a charge placed on [...]
9 February 2010
How Can The Court Find My Assets In Bankruptcy?
Question:
If someone didn’t declare all their assets, how can the court find out? For example, overseas property not declared.
Answer:
Is the court the entity that you really want to lie to?
When petitioning for bankruptcy you are best off completing the petition truthfully and factually. Otherwise it can surface at the time you file for bankruptcy [...]
