It depends what type of finance it is. If it's HP/conditional sale, the finance company will more than likely want to terminate the agreement and reposses the car. If it's just a loan, then this will be written off in the bankruptcy.
How much is the car worth and what do you use it for?
I suggest you speak to an expert and chat everything through.
What would happen to car on finance if I declare bankruptcy ?
Posted - 17 October 2011 : 09:13:23
