Hi yes you can as secured borrowings are not included in BR. If by doing so you have considerable equity in the car and it is worth more than £2500 the OR can claim it as part of the estate. In cases where a vehicle is claimed the OR would normally pass approx £2000 back to the BR party to replace the vehicle providing it can be proven that it is essential.
can we clear car finance before bancruptcy?
Posted - 16 August 2008 : 10:30:17
