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 bankruptcy postbag for july
 Question about Cars

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T O P I C    R E V I E W
rjsbee Posted - 15 July 2008 : 21:32:36
Hi ... we are now ploughing on with our plan which is threefold:

a) Find Rented Accomodation

b) Hand keys back into Mortgagor - sever liabilities for bills etc

and c) petition for our bankruptcy over the next few weeks once ensconced in our rented accommodation.

Just one question re : Bankruptcy.

We have two cars both of which are valued at less than £2500. My car is worth approx £1000 and is needed to ferry me to work and back each day - some 25 mile round trip each day. My partners car is worth a bit more at £1700 and is needed in her job as a Community Care Assistant ( involves home care visits and therefore car to perform the role )

Would the OR allow us to keep both cars in the above instance?

Thanks
3   L A T E S T    R E P L I E S    (Newest First)
rjsbee Posted - 16 July 2008 : 08:30:56
OK Thanks for the advice .... now waiting on our initial application for rented accommodation to go through.

Cheers
melanie_giles Posted - 15 July 2008 : 23:45:14
I am sure that both of those cars will be safe.

For an informal chat about any financial difficulties, or advice as to the options available, I can be contacted via my website - www.melaniegiles.com
Trolly-Dolly Posted - 15 July 2008 : 23:16:29
As long as you can prove that BOTH are needed and that you could not get by on one, then there should not be a problem. I'm sure they will enquire about transport links for yourself, so just fight your corner.

You can read my blog here;

http://drowningmummy.blogs.iva.co.uk/

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