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Legal News

Bank accounts for undischarged bankrupts

Published on: 02 January 2013

Table of contents

  • Original news
  • What is the current position with undischarged bankrupts holding bank accounts?
  • What are the key changes?
  • What has brought about this change?
  • What impact will this change have?
  • Will trustee duties be affected?
  • How does this fit into the development of bankruptcy law?
  • Do the proposed changes raise any concerns?

Article summary

Restructuring & Insolvency analysis: Insolvency law is set to be relaxed to encourage more banks to offer accounts to undischarged bankrupts. Stephen Hunt, partner at Griffins, looks at the reasons behind the move and whether a change to the law could have any unforeseen consequences.

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