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Bankruptcy and savings accounts - can the OR take my daughter's savings? - Bankruptcy UK

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Bankruptcy and savings accounts – can the OR take my daughter’s savings?

I am the sole trustee for my daughter’s savings account. If I go bankrupt can my OR freeze this account and claim the funds?

No, this will not happen. The only time the Official Receiver might be concerned is if the account had been used to ‘hide’ money. Provided regular, smaller, deposits have been made, there will not be a problem.

Bankruptcy UK offers bankruptcy help across the board and will submit your application online. Court appearances for bankruptcy are no longer required. Feel free to call us on 01425 600129 for a chat about your circumstances.

 

Bankruptcy UK

Bankruptcy UK