Author Topic: Bank account?  (Read 950 times)


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Bank account?
« on: Mar 02, 2011, 05:25:36 PM »
I've read that,on becoming bankrupt,you have to close your current bank account immediately.

I already have a basic account with the Co-op. My question is: if you have to close your bank account,how can you pay your bills by direct debit etc,and pay in your salary?

I hope this isn't too basic a question...I'm thoroughly confused!



James Falla

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Re: Bank account?
« Reply #1 on: Mar 03, 2011, 02:54:07 PM »
Hello again worried, if you already have a Co-Op cash minder account, you will normally be able to keep this running even after you declare yourself bankrupt. However, in case of and problems, I generally advise people to open a new account in advance of going bankrupt which would then remain open and can be used after the event.
Debt Expert & Author