HOME  FORUM  MEDIA  EVENTS  ARTICLES  TV  BLOGS
•Home
Bankruptcy:
•Bankruptcy Information Center
•What is Bankruptcy?
•Is Bankruptcy right for me?

•How to declare Bankruptcy?
•What happens to my assets?
•Bankruptcy and credit rating

Forum:
•forum
•register
•search
•faq
•experts

Blogs:
•Bankruptcy News
•More...

Media Room:
•Press releases
•Media Coverage

Other:
•About BankruptcyHelp
•Links
•Contact us
•Debt Glossary
•Insolvency jobs


FORUM
  > Browse and post on our forum
Home   |   Profile   |   Register   |   Active Topics   |   Members   |   Search   |   FAQ

Welcome to our Forum, please register if you want to post
Ask a debt question
See the last 250 posts
Watch video on how to use forum
Username:
Password:

Save Password
Forgot your Password?

 All Forums
 New Questions
 Forum Questions
 another car question.
 New Topic  Reply to Topic
 Printer Friendly
Author Previous Topic Topic Next Topic  

peppa-pig
Starting Member



26 Posts

Posted - 30 December 2008 :  12:59:27  Show Profile  Click to see peppa-pig's MSN Messenger address  Reply with Quote
we have a 2003 52 reg picasso diesel 2l exclusive with 83k miles on the clock. have checked parkers, which car and autotrader for the price and they all differ a bit.

what is the highest value car they will let us keep? is it £2k with no room, for example if autotrader came back with the lowest price minus 10% at £2100 ish would they still take it?

also the resgistered keeper is me but i dont work but husband does and this is the only transport we have. does this make any difference?

we are both going BR.

Needafriend
Junior Member

United Kingdom
344 Posts

Posted - 30 December 2008 :  13:17:21  Show Profile  Reply with Quote
Hi Peppa pig

The 2k is a guide only used by the OR when considering the value of a vehicle. They look at other factors too when deciding if you can indeed keep it. Even if you had a car worth say £1k then there is no guarantee that you would be allowed to keep it as you have to show that you need the car and that no alternative arrangements can be made for travel.

So for example someone unemployed with a car worth the 1k this does not give them an automatic right to keep it unless they can proove they need the car to look for work etc.

Does that make sense.

Jo
x

Wishing you all a Happy Debt & Worry Free 2009

21 Weeks down


31 to go




For more info on how i have come through bankruptcy and for links to help, you can read my blog here called:
Needafriend's Info on Bankruptcy :-)
http://debtfreejo.blogs.bankruptcyhelp.org.uk/
Needafriend says: Live life to the full, take life by the horns and live a little, otherwise life would be so boring!
Go to Top of Page
  Previous Topic Topic Next Topic  

 New Topic  Reply to Topic
 Printer Friendly
Jump To:
bankruptcyhelp.org.uk Forum © bankruptcyhelp Go To Top Of Page
Powered By: Snitz Forums 2000 Version 3.4.06