I have a car on PCP finance. I am seriously considering bankruptcy as things have become so dire. I understand that the OR may not be interested as it is not MY asset, but the engine has just gone capput and I cannot afford to repair it so is it something I could include on bankruptcy? (As if I hand it back I will owe on it as it is not in workable condition)
the debt created by handing the car back would be covered in the Br. You will need to put the vehicle down on the forms IN ADDITION you should put down the estimated debt after the car is sold in the unsecured section.
If the car is on a PCP does it not have an extended warranty? so many new cars have 3 years now
considering bankruptcy as things have become so dire
Posted - 09 March 2009 : 23:19:48
