I suspect that the goods will not belong to you until you have paid for them and you would run the risk of them being repossessed. However, in reality, this may not be a cost effective option depending on the nature of the bnpl items.
All the best
John Blackadder Bankruptcy365
For help and advice on the easiest and most effective way to a debt free future, please go to www.bankruptcy365.co.uk.
The same question has been asked on the IVA forum and people who are in an IVA have not lost their goods.
Presumably it would be the same with bankruptcy. Might be worth having a look at the specific terms of the purchase to see if it says anything in there.
The world is broken, halos fail to glisten We try to make a difference but no one wants to listen Hail the preachers, fake and proud Their doctrines will be cloud Then they'll dissipate like snowflakes in an ocean
Hi Michelle.11 I had some bnpl items outstanding as I went BR and they were not repossessed. They were not of a huge value so I wonder, as John has said, if it was not cost effective to do that.
"Good things come to those who wait".....I'm a patient person but this is taking the Mickey!!
what happens to bnpl items if I go bankrupt ?
Posted - 24 May 2011 : 21:57:34
