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 keeping my car if i made myself bankrupt ?

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T O P I C    R E V I E W
lisa.bn Posted - 16 February 2010 : 21:37:01
hi just wondered if any one could answer me a question i have a car worth 1300 but am considering leaving my job due to stress related issues and making myself bankrupt just started an iva would i be able to keep my car if i made myself bankrupt
3   L A T E S T    R E P L I E S    (Newest First)
Skippy Posted - 18 February 2010 : 11:29:07
Before you make yourself BR it would be worth talking to your IP as they may be able to give you a payment break whilst you are looking for work.

Good luck x

View my blog at http://skippy13.blogs.bankruptcyhelp.org.uk/

Only when the last tree has died, the last river has been poisoned and the last fish has been caught will we realise that we cannot eat money.

30 IPA payments made, 6 to go - the end is in sight!
Richard P Posted - 17 February 2010 : 13:22:05
Hi Lisa

as you have mentioned about an IVA you will need to speak to your provider and obtain a certificate of non compliance, you will not be able to go BR without it

regards Richard
chester2005 Posted - 17 February 2010 : 01:11:01
hi and welcome to the forum
in BR if you have a need for a vehicle ie to get to work or look for work then the OR will generally allow you up to £2000 value so as long as you can prove a need for it you should be ok


Dave

Don't worry or know that worrying is as effective as trying to solve an algebra equation by chewing bubble gum.(Baz Lurhman)
RevivaUK and Paul Johns helped me through it all i can't recommend them enough!!

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