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 bankruptcy postbag for april
 If I go bankrupt what will happen to my car
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stacey.t
Junior Member

171 Posts

Posted - 01 April 2008 :  22:41:16  Show Profile  Reply with Quote
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

melanie_giles
Senior Member



1191 Posts

Posted - 01 April 2008 :  23:27:26  Show Profile  Visit melanie_giles's Homepage  Reply with Quote
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?
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