| T O P I C R E V I E W |
| Brian.1 |
Posted - 31 January 2011 : 04:49:23
I was declared bankrupt in November 2008 and discharged in November 2009. I had a car on HP. When I was declared bankrupt in 2008 the Official Receiver allowed me to keep the car and instructed me to get the Finance Company to contact him and then I was to negotiate with them for the agreement to be re-written at a much lower monthly payment. I wrote to the Finance Company with these facts but they chose not to contact the Official Receiver and never made any further contact with me. That is now 2 years and 2 months with no contact but the debt still shows on my Credit Agency file which I am trying to clean up. If the Finance Company decide to contact me now what are my rights regarding the car and the debt. |
| 5 L A T E S T R E P L I E S (Newest First) |
| RHB |
Posted - 31 January 2011 : 18:39:57
I doubt they will take the car back in that case. |
| Brian.1 |
Posted - 31 January 2011 : 18:26:21
Car is worth app £1500 and the credit file shows a balance of app £7000.
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| RHB |
Posted - 31 January 2011 : 16:14:22
I'm nit sure if it would be covered by the bankruptcy or not. Maybe you could try ringing the OR's office who dealt with your bankruptcy & find out. How much is the care worth now & how much do you need to pay on it? |
| Brian.1 |
Posted - 31 January 2011 : 15:09:21
They received the letter because I discussed it with them on the phone. Never paid the reduced payments as they never agreed a reduced payment. Nothing has been paid since Nov 2008.
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| RHB |
Posted - 31 January 2011 : 13:56:37
Are you sure they ever received the letter? Did you pay the reduced payments? |
