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Floridaholiday
Starting Member

1 Posts
Posted - 10 February 2011 :  17:04:54  Show Profile  Reply with Quote
Hi I have a court date of 28th February for my Bankruptcy, and am begining to get really anxious. I have filled in my forms. Does anyone know, if I have disposable income would I be allowed to keep it to buy a new car which I am desperate for as my old car is costing me a fortune and I need a decent car to get me to work and take children to school, or would they want it for an IPO.
Thanks

Niobe
Administrator



United Kingdom
4590 Posts
Posted - 10 February 2011 :  17:12:40  Show Profile  Reply with Quote
Hi and welcome FH.

I know that your DI will be used to pay towards your BR but not sure if you can keep any of it towards the purchase of a new car.

Hopefully one of the experts can help.

Buckle your seat belt Dorothy, 'cos Kansas is going bye bye.

Jan
xx
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Viki.W
forum expert



United Kingdom
2211 Posts
Posted - 10 February 2011 :  17:13:23  Show Profile  Reply with Quote
Hi Floridaholiday,

Can you delay the court date?

I would certainly think about putting some money aside now and purchasing a cheap runaround before the bankruptcy.

Viki Warbrooke
Vincent Bond & Co
If you would like free advice on all options available and help with your bankruptcy petition please contact me at http://www.vincentbond.com/about_us_Viki_Warbrooke.asp
Please read my experience of debt via my blog at http://vikiw.blogs.iva.co.uk/
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Richard P
Senior Member



United Kingdom
1701 Posts
Posted - 10 February 2011 :  22:58:47  Show Profile  Reply with Quote
Hi florida holiday

doubt they would allow after BR

within BR car nominal value suggested max £2k

Richard
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