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.
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.
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?
Cleaning up credit a year after discharge ?
Posted - 31 January 2011 : 04:49:23
