Bankruptcy | My Bank AccountWhat will happen to my bank account?When the bankruptcy order is made, you must immediately stop using your cheque books and bank cards and hand them over to the official receiver as soon as possible. All your bank accounts will usually be 'frozen' by the banks when they become aware of the bankruptcy order - so you will need to make alternative arrangements for your income and essential direct debits. After the bankruptcy order, you may open a new bank or building society account, however you need to disclose that you are bankrupt. It is at the discretion of the bank or building society whether they will let you operate a bank account, and they may impose conditions and limits You can also Contact Us for any information you may have about bankruptcy and we will be happy to advise you. Bankruptcy Questions...
How to Avoid BankruptcyClick here to learn How to avoid going Bankrupt using our bankrutpcy alternatives. |
