will i be able to keep my bank account?

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sharon.q

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Post by sharon.q » Thu Jan 31, 2008 12:02 am
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i have a ltsb currant account and credit card, i'm planning to go bankrupt next month. if i don't put the credit card down as a debt will i be able to keep my bank account?
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MelanieGiles

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Post by MelanieGiles » Thu Jan 31, 2008 12:05 am
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Hi sharon and welcome to the forum

You must put the credit card down as a debt in your bankruptcy application, and your bank account is therefore likely to be frozen. Providing the OR gives permission for the account to be released, the bank may allow you to retain it, but I would personally open up an account with a bank to whom you do not owe any money as a safety net.
Regards, Melanie Giles, Insolvency Practitioner
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