If you are still classed as a bankrupt (i.e. you have not been discharged from the bankruptcy) then the simple answer is no. Any spare cash that you might have during this time should be paid into the bankruptcy for the trustee to distribute for the benefit of creditors. You should not really have any spare cash as such because when you go bankrupt it’s because you can’t afford to pay your creditors. Until you are discharged from your bankruptcy you will be unable to save any money as any living costs will have been budgeted for you and there should be no need to put money aside for anything.

This question was answered by Debt Advice Foundation, an independent UK debt advice charity. If you're looking for an alternative to Bankruptcy, Debt Advice Foundation provides a free, confidential helpline and can advise you of all your options. Click here to find out more.