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T O P I C R E V I E W
ses
Posted - 01 October 2008 : 19:16:46 Hi, I''m considering going bankrupt but am worried about my car. It is worth about £3500 trade but its LPG which saves me about £150 a month on petrol costs. I would lose my job without a car and can''t afford to move closer to work (I''m a QC chemist and all the jobs are in london or Cambridge where housing is expensive, a job closer to home would lose me £5000p/a so travelling is best!). Does anyone know if an OR wold let me keep my car based on this info?
2 L A T E S T R E P L I E S (Newest First)
John
Posted - 01 October 2008 : 22:45:24 Hi with the mileage you do for work a car is certainly required. The OR may allow you to keep a car which is anything up to £3K auction value.
I would say that you should be ok, the worst they would do is ask you to get a proper valuation, then is they feel its slightly over get someone to pay the diference BI.
I think some on here had cars valued at that and kept them once the OR knew how you need the car.
I think im right, if im not i dare say someone will correct me.
Good luck and keep posting.
Jo x
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