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 My car has a loan against it, will i lose it if I declare myself bankrupt ?
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Vicki.22
Starting Member



1 Posts

Posted - 20 May 2013 :  12:28:36  Show Profile  Visit Vicki.22's Homepage  Reply with Quote
my car has a loan against it, will i lose it if i declare myself bankrupt?

Viki.W
forum expert



United Kingdom
2211 Posts

Posted - 20 May 2013 :  16:40:11  Show Profile  Reply with Quote
Hi Vicki,

What type of loan is it? Fixed sum loan agreement, hire purchase, etc?

How much is the car worth? How much is outstanding on loan?

Is it essential for work purposes?



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
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