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cheekyedd
Junior Member
170 Posts |
 Posted - 18 June 2008 : 19:55:47
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hi,im thinking of going bankrupt cos i owe more than 30,000 pounds,will i loose my car,as i need it for work,its only worth about 900 pounds? will my work find out? and another thing is ive got working credits where i have got a computer for work,will they take that?
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m and v
Average Member
United Kingdom
760 Posts |
Posted - 18 June 2008 : 20:07:01
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Hi cheekyedd - welcome to the forum!
Your car will be safe as it value is low and the official receiver won't take any of your persoanl possessions from your home.
When you go BR your tax code is set to nil for the tax year you go BR, so if you time it right you can avoid this too.
Your BR is placed in the notices in your local paper so someone you work with may see it if they live locally to you. Otherwise the OR has no need to contact your employer directly.
Hope this helps
Vicki x |
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melanie_giles
Senior Member
1191 Posts |
Posted - 19 June 2008 : 08:08:12
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I feel sure that both your car and computer will be safe as they are of low value and are neded for work purposes.
For an informal chat about any financial difficulties, or advice as to the options available, I can be contacted via my website - www.melaniegiles.com |
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JulianDonnelly
Junior Member
United Kingdom
325 Posts |
Posted - 19 June 2008 : 11:10:31
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Hi Cheekyedd and welcome to the forum.
The OR will write to your employer to put you on a NT (no tax) tax code for the financial year you are undischarged, so i'm afraid they will find out.
Regards
Julian Donnelly
Spokesperson for www.Bankruptcyhelp.org.uk |
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will i loose my car, will they take my computer?
