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T O P I C R E V I E W
beth.ll
Posted - 07 January 2010 : 15:02:02 will I have to give up my car, its in my husbands name and worth 8000
2 L A T E S T R E P L I E S (Newest First)
Niobe
Posted - 07 January 2010 : 17:37:18 If it is only you going BR then your husbands car should be safe. Otherwise, I think you might have to sell this and get a cheaper model.
Buckle your seat belt Dorothy, 'cos Kansas is going bye bye.
Jan xx
Richard P
Posted - 07 January 2010 : 16:07:47 Hi beth
Depends on
if hubby is also going BR
whose name the loan is in, the type of loan
If your income was used to calculate the value of the loan
normally in bankruptcy you are allowed to claim a car upto the value of £2K provided that you can show a work need for the car.
if you are planning to go BR and your husband is not, be mindful that when you successfully obtain BR, all joint debts will transfer to him (maybe a good thing if the relationship is very turbulent !)
