I have a van which i got on lease a few months ago as my old van died. Its jointly in mine and my dads name as that was the only way i could get the vehicle. Its my workshop and office and my only means of work. Am i likely to lose this? I also have an old golf used to ferry my children around which is worth around 1500 pounds. Will this go also?
I have a van which i got on lease a few months ago as my old van died. Its jointly in mine and my dads name as that was the only way i could get the vehicle. Its my workshop and office and my only means of work. Am i likely to lose this? I also have an old golf used to ferry my children around which is worth around 1500 pounds. Will this go also?
My OR ask me this same question if my Merc was on lease..they are NOT interested in Lease...this is Not your car and OR dont want to deal with it...but if you not trading you have to give it back or your father will keep it on his own name only...but what I learned in all my bankruptcy ..EVERY CASE IS DIFFeRENT ...just ask your OR they will decide.Golf if its 10-12 years old..then its safe..but once again..every case is different.
Not as yet. In the process of organising a new bank acc to move all of my direct debits to and the details of all creditors etc. but its inevitable :-(
You would need to check with the lease company to see if they would still want you as a customer after the bankruptcy, you could always get your name off and just your Dad lease it for you.
If you don't need your car for work purposes at all, then you are likely to lose it, but speak to an expert to have all your options explained.
I have a van on lease which is my workshop and office. Am I likely to lose this ?
Posted - 04 January 2013 : 21:33:47
