bankrupt and Nat West closed joint account with no notification

[princess56]

I have a joint account with Nat West and I was made bankrupt at the beginning of June. I know that any overdraft etc falls to my husband, jointly and severally etc. The point I am getting to is that a day before my husband got paid he found out that Nat West closed our account without informing him. His wages are now "floating" and he has the hassle of trying to get another account opened. Will my bankruptcy have an adverse reaction to my husband opening an account in his name only?

 

As soon as I was made bankrupt I had informed the bank that I was now bankrupt and i was told by numerous people at Nat West I was told that the joint account would be closed and that another account would probably be opened in my husband's name only.

 

My husband spoke to someone Thursday evening at NatWest and was told that his details were now with Debt Management and that there had been no default charges put on the account yet!!

 

After being with Nat West for 20 plus years we feel that we have been treated really badly. What recourse of action can my husband now take to avoid further interest and charge being added to the account as he has not been made bankrupt.

 

Can he also chase for bank charges on his own?

 

Sorry for it to be so long winded but any help would be much appreciated.

 

Thanks

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[sheff utd]

Hi

My husband was made Bankrupt in 2000 we had a joint account, he had to sign to relinquish his side of the account to me, he could not have a account during the three years the banruptcy ran, at the time he had Nat West credit cards that was included in the bankruptcy, that are still on his credit history as defaulted, even though all creditors were paid in full, at the same time we had a loan in joint names that fell to me to continue to pay, because i was only working part time Nat West made me take out a new loan over five years which i have just finished paying, which i will be looking to reclaim any charges as soon as my current claim is sorted, In short i uppose i'm saying dont expect any help from Nat west, the best thing your hubby can do is open a savings account, i know the Alliance & Leicester will take bankrupts on.

[princess56]

HiThanks for coming back to me. It is me that is bankrupt not my husband. He tried to open a account with Nationwide and was refused. I spoke to Nat West and they informed me that my husband cannot have an account with him because of adverse credit info. Is there any other Bank that will take him on do you know. He needs a bank with direct debits etc.Thanks

[hedgey06]

Hi Princess,

 

It may be a good idea for your husband to check his credit file (e.g., experian) to see what information has been put against his name. If he's struggling to open a bank account with direct debits on it, it may be that he does have something like a default against his name.

 

With regards to the question in your 1st post asking if your husband can reclaim bank charges on his own - the answer is yes if it's his own account only. If it's a joint account, the answer is no as the potential reclaim on bank charges would be classed as an "asset" (even though it was unrealised at the time) that could have been used to repay creditors. If all of your creditors have now been repaid in full though, then yes, he'd be able to reclaim the charges. It's quite confusing to get your head round this at first - but it's better to be safe than sorry!

 

Hope this helps a little, hedgey xx

[princess56]

Hi Hedgey

 

Nat West slapped a default notice on him because of my bankruptcy because we had a joint account, which had an overdraft and personal loan!!

 

Thanks for your help anyway. x

[sheff utd]

HiThanks for coming back to me. It is me that is bankrupt not my husband. He tried to open a account with Nationwide and was refused. I spoke to Nat West and they informed me that my husband cannot have an account with him because of adverse credit info. Is there any other Bank that will take him on do you know. He needs a bank with direct debits etc.Thanks

 

Try this bank they are very good, you actually speak to people that make decisions not computers, also they reconcile at the end of the day, not at Midnight.Whiteaway Laidlaw Bank Limited