{"id":14779,"date":"2023-06-08T07:04:01","date_gmt":"2023-06-08T07:04:01","guid":{"rendered":"https:\/\/bankruptcyservices.co.uk\/?page_id=14779"},"modified":"2023-11-12T09:54:38","modified_gmt":"2023-11-12T09:54:38","slug":"bank-account-for-bankrupts","status":"publish","type":"page","link":"https:\/\/bankruptcyservices.co.uk\/index.php\/bank-account-for-bankrupts\/","title":{"rendered":"Bank Account for Bankrupts"},"content":{"rendered":"<div id=\"cmsmasters_row_7atrhg9y1\" class=\"cmsmasters_row cmsmasters_color_scheme_default cmsmasters_row_top_default cmsmasters_row_bot_default cmsmasters_row_boxed\">\n<div class=\"cmsmasters_row_outer_parent\">\n<div class=\"cmsmasters_row_outer\">\n<div class=\"cmsmasters_row_inner\">\n<div class=\"cmsmasters_row_margin\">\n<div id=\"cmsmasters_column_ctwyt441vg\" class=\"cmsmasters_column one_first\">\n<div class=\"cmsmasters_column_inner\"><div id=\"cmsmasters_heading_avn4x2jgr\" class=\"cmsmasters_heading_wrap cmsmasters_heading_align_center\">\n\t<h2 class=\"cmsmasters_heading\">Can I have a bank account when I&#8217;m bankrupt?<\/h2>\n<\/div><div class=\"cmsmasters_text\">\n<p style=\"text-align: center;\">On the day you are declared bankrupt all bank accounts you have are frozen for review. It is the bank&#8217;s decision whether or not they will continue to do business with you. In the event that they don&#8217;t you can arrange for an alternative bank account that will allow you to continue as usual.<\/p>\n<\/div>\n<\/div><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div id=\"cmsmasters_row_wzlkl1elqh\" class=\"cmsmasters_row cmsmasters_color_scheme_default cmsmasters_row_top_default cmsmasters_row_bot_default cmsmasters_row_boxed\">\n<div class=\"cmsmasters_row_outer_parent\">\n<div class=\"cmsmasters_row_outer\">\n<div class=\"cmsmasters_row_inner\">\n<div class=\"cmsmasters_row_margin\">\n<div id=\"cmsmasters_column_6jizx4tnti\" class=\"cmsmasters_column one_half\">\n<div class=\"cmsmasters_column_inner\"><div id=\"cmsmasters_heading_mv57icrjyi\" class=\"cmsmasters_heading_wrap cmsmasters_heading_align_left\">\n\t<h2 class=\"cmsmasters_heading\">What happens to my bank account?<\/h2>\n<\/div><div class=\"cmsmasters_text\">\n<p>Your bank account will usually be frozen permanently if you have any debts with the bank, such as an overdraft, loans, credit cards. However, some banks just refuse to have accounts with undischarged-bankrupts.<\/p>\n<p>We recommend that you contact your bank once you&#8217;re made bankrupt to find out if you&#8217;ll be allowed to keep the account. Depending on how long you&#8217;ve been with the bank, and what debts you have with them, if any, will determine the outcome.<\/p>\n<p>Most banks will refuse to open an account for an undischarged-bankrupt person, but there are still plenty of facilities available for people in bankruptcy.<\/p>\n<\/div>\n<\/div><\/div>\n<div id=\"cmsmasters_column_y0e0kiwsj\" class=\"cmsmasters_column one_half\">\n<div class=\"cmsmasters_column_inner\"><\/div><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div id=\"cmsmasters_row_7tea2u6mr\" class=\"cmsmasters_row cmsmasters_color_scheme_default cmsmasters_row_top_default cmsmasters_row_bot_default cmsmasters_row_boxed\">\n<div class=\"cmsmasters_row_outer_parent\">\n<div class=\"cmsmasters_row_outer\">\n<div class=\"cmsmasters_row_inner\">\n<div class=\"cmsmasters_row_margin\">\n<div id=\"cmsmasters_column_2gvmrdhfwg\" class=\"cmsmasters_column one_first\">\n<div class=\"cmsmasters_column_inner\"><div id=\"cmsmasters_heading_nkrrheu88k\" class=\"cmsmasters_heading_wrap cmsmasters_heading_align_center\">\n\t<h2 class=\"cmsmasters_heading\">What bank can I use?<\/h2>\n<\/div><div class=\"cmsmasters_text\">\n<p style=\"text-align: center;\">You can open a Card One Banking account, which does not require a credit check. This account costs \u00a312.50 per month and is ideal for those on a Debt Management Plan, in an IVA or bankrupt.<\/p>\n<\/div>\n<\/div><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n\n","protected":false},"excerpt":{"rendered":"","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"class_list":["post-14779","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/bankruptcyservices.co.uk\/index.php\/wp-json\/wp\/v2\/pages\/14779","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bankruptcyservices.co.uk\/index.php\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/bankruptcyservices.co.uk\/index.php\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/bankruptcyservices.co.uk\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bankruptcyservices.co.uk\/index.php\/wp-json\/wp\/v2\/comments?post=14779"}],"version-history":[{"count":7,"href":"https:\/\/bankruptcyservices.co.uk\/index.php\/wp-json\/wp\/v2\/pages\/14779\/revisions"}],"predecessor-version":[{"id":14989,"href":"https:\/\/bankruptcyservices.co.uk\/index.php\/wp-json\/wp\/v2\/pages\/14779\/revisions\/14989"}],"wp:attachment":[{"href":"https:\/\/bankruptcyservices.co.uk\/index.php\/wp-json\/wp\/v2\/media?parent=14779"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}