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Scottish Trust Deed Forum
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Topic starter
10/12/2013 5:29 pm
i had opened new personal and business accounts when starting a trust deed and wasnt using my old bank of scotland accounts.bank of scotland had already frozen my old personal account on which i had overdraft with them but the other day my trading partner sent a payment to my old company's account(bank of scotland) rather than the new one,so when i tried to use the money i came to know that bank of scotland has frozen my company's account as well and i dont have access to funds.i asked them and they said that you have a bankruptcy order in place so your accounts are frozen till we get information from your trustee or something,i told them that its not my personal but company's account and you shouldnt be freezing this but they said whatever it is,its frozen.what should i do now because my trustee also told me that they cant freeze company's account but they have done so and the money is stuck there.can they do this.is it legal.what can i do now
10/12/2013 5:44 pm
Hello ibmstyle.
Is it a limited company that holds this account?
You need to ask your trustee to liaise with Bank of Scotland to see what can be done about the money that's now frozen. Hopefully that will quickly solve the problem for you.
Qualified Debt Adviser & Forum Administrator - Ask me anything about Trust Deeds 
Topic starter
16/12/2013 5:54 pm
Yes limited company account.i have been in contact with them but they are still busy with switch over from Rsm.lets see
17/12/2013 2:12 pm
Hi ibmstyle, your case manager has been trying to speak to the Bank about this for you. I believe she emailed you with an update.
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Topic starter
18/12/2013 5:07 pm
yeah but she asked me to give contact number for the bank and i had the number which i used which is for a customer and i gave it to her but she said no its for customer, i need another one or fax number which i dont have.i also called my bank today again and asked for contact number or fax number but they gave me a postal address and asked to write to them but they said it needs to be a letter from the court or solicitor with my trust deed reference number on it and asking for removal of freeze.so what should i do now
18/12/2013 5:26 pm
Hi ibmstyle.
If that's what they're insisting on you may wish to ask your contact to get something in writing to them.
Why don't you try to insist on them providing a fax number to try to speed things up?
Qualified Debt Adviser & Forum Administrator - Ask me anything about Trust Deeds
Topic starter
25/12/2013 8:51 am
My case administrator has advised that she has sent a correspondence in writing so let's see when I can hear from the bank otherwise will try for fax..but the bank had asked a court letter or solicitor letter so will this letter work from my trustee?
26/12/2013 9:32 am
Hello ibmstyle.
A letter from an insolvency practitioner would usually be sufficient.
Qualified Debt Adviser & Forum Administrator - Ask me anything about Trust Deeds
