Charity Reveals Concerns Over Treatment Of Bankrupts

Thu, 15 Jul 2010

Britons going through bankruptcy are being treated unfairly by banks, with many often banned from opening a basic current account, according to national charity Citizens Advice .

In it’s recently published ‘Called to Account’ report, the charity found that only two out of 17 banks will offer basic current accounts to people who have recently been declared bankrupt .

Citizens Advice said it is concerned that the denial of such basic services will hamper the efforts of those trying to take control of their financial problems .

Chief executive Gillian Guy said: "Great progress has been made in improving access to bank accounts for many groups who were previously financially excluded, yet there are still groups, such as undischarged bankrupts, who struggle to open even a basic bank account ."

She added that consumers without a bank account may also struggle to pay bills or receive wages or benefits.

Citizens Advice said it saw a 10 per cent rise in the number of Brits contacting its 416 Bureaux about insolvency in the year to March 2010.

Meanwhile, the government today announced that it will launch a review into bankruptcy and consumer credit after the summer recess.
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