iam about to go bankrupt.can i sell my car which is worth more than a thousand pounds.there is still an outstanding balance on the car.i got a personal loan to buy the car and not h/p
When you say sell the car are you selling for less than it is worth.
Also if you dont mind me asking when are you going BR and are you selling to get the fees to do so, as the OR will ask about what you did with the money and also did you sell the car undervalue and could if they wanted to overturn the transaction.
iam about to go bankrupt.can i sell my car which is worth more than a thousand pounds.there is still an outstanding balance on the car.i got a personal loan to buy the car and not h/p
going br when i recieve a charge to pay.this costs approx £70 in scotland.or would a be able to keep the car as iam a full time taxi driver and this is my only source of income
iam about to go bankrupt.can i sell my car which is worth more than a thousand pounds.there is still an outstanding balance on the car.i got a personal loan to buy the car and not h/p
clearly if you enetered into bankruptcy now then you would loose the car and the OR would allow you £2000 to purchase another car.
As a taxi driver this is a problem because you would be without a car for a period and it is difficult to buy a car without transport to find one!.
PROVIDED THAT YOU KEEP VERY CAREFUL AND FULL RECORDS there is no reason why your current car cannot be sold and the funds used for a £2k - £2.5k car , your court fees and the balance is then made available to the official receiver.
Incidentally because the car is yours there is no reason why you can't have the benefit of sorting your car our, paying for court fees AND paying for a bankruptcy specialist to make life somewhat easire for you.
The balance would clearly need to go to the OR
Paul Johns Assisted Bankruptcy Specialists Reviva UK
For a Free Impartial Review before taking the leap call me @ Reviva UK www.revivauk.com
clearly if you enetered into bankruptcy now then you would loose the car and the OR would allow you £2000 to purchase another car.
As a taxi driver this is a problem because you would be without a car for a period and it is difficult to buy a car without transport to find one!.
PROVIDED THAT YOU KEEP VERY CAREFUL AND FULL RECORDS there is no reason why your current car cannot be sold and the funds used for a £2k - £2.5k car , your court fees and the balance is then made available to the official receiver.
Incidentally because the car is yours there is no reason why you can't have the benefit of sorting your car our, paying for court fees AND paying for a bankruptcy specialist to make life somewhat easire for you.
The balance would clearly need to go to the OR
Paul Johns Assisted Bankruptcy Specialists Reviva UK
For a Free Impartial Review before taking the leap call me @ Reviva UK www.revivauk.com
as a taxi driver a wouldnt be able to buy a taxi for £2500 so this would make me unable to work.
can i sell my car ?
Posted - 24 October 2008 : 18:39:13
