You may be worried your bank will freeze your account as soon as it becomes aware of the bankruptcy but that rarely happens.
Your account is safe – and you can open another one if you wish. However, you may choose to close your existing account if you haven’t been able to stop direct debit payments being taken from it.
We always ask banks not to freeze accounts and it has rarely happened with bankruptcies we are taking care of.
Please be aware that your trustee does not have access to your personal account. A separate account is opened to manage your bankrupt estate.
For more information call us on 1300 060 122 or email email@example.com.