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T O P I C R E V I E W
Sarah.img
Posted - 17 October 2011 : 09:13:23 I have a car on finance which won't be fully paid until march 2014. What would happened to this is I declare myself bankrupt?
1 L A T E S T R E P L I E S (Newest First)
Viki.W
Posted - 17 October 2011 : 09:22:34 Hi Sarah,
It depends what type of finance it is. If it's HP/conditional sale, the finance company will more than likely want to terminate the agreement and reposses the car. If it's just a loan, then this will be written off in the bankruptcy.
How much is the car worth and what do you use it for?
I suggest you speak to an expert and chat everything through.
