I have a car on hire purchase and have paid exactly 2 years payments on it and have 2 years left. If I go bankrupt what will happen to the car its only a £5000 corsa nothing expensive
Under the terms of the HP agreement you will probably find that it will end upon the making of a bankruptcy order against you, and be required to be returned to the finance company. How much do you still owe on the agreement and how much is the car worth?