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m88
Junior Member
159 Posts |
 Posted - 01 April 2009 : 22:21:59
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| my daughter has just been to interview and has shew does not work her only assett is her car worth around £600 which she needs to keep in touch with myself and her mother ,she has a 4 year old son but is a one parent family ,she was told that they would take the car but i thought i read on this forum that under £2000 your car was safe ---im i wrong -thankyou |
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chester2005
Average Member
United Kingdom
786 Posts |
Posted - 01 April 2009 : 23:58:24
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from what ive read if you need the car for work then upto £2000 is generally allowed
I don't know how it works if you havn't got to get to work, but i'm sure one of the experts will be along to give you a definite answer soon.
Dave |
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John
New Member
United Kingdom
73 Posts |
Posted - 02 April 2009 : 07:27:29
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Hi
that right, unless the car can be shown to be required for work, to search for work, for ongoing hospital appointments or transportation of a family member with mobility problems it is very unlikely your daughter will keep the car.
John White
England Jackman & Spacey |
Edited by - John on 02 April 2009 07:28:39 |
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xmas baby
Average Member
537 Posts |
Posted - 02 April 2009 : 15:59:52
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Sorry to interfere, but assets like cars seem to be a hazy subject. My car is only worth around £500 at best, but I don't use it for work, only to visit my elderly mum and take her shopping. This isn't exactly 'essential' use, but after speaking with the OR, she agreed it wouldn't be worthwhile them taking the car as they would have to pay to get it scrapped anyway, so she suggested me paying £100 in order to 'exempt' the car. This I have done and therefore have retained my car. I think it all depends on your OR. If you explain it is old and of very little value, then I'm sure you could reach some agreement and pay a nominal amount in order to keep the car.
Obviously you'd need to ensure you can maintain the various payments needed to upkeep the car throughout the year.
xmas baby |
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John
New Member
United Kingdom
73 Posts |
Posted - 02 April 2009 : 19:23:17
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Hi
you're quite right of course. It really does depend on which office you are dealing with which is confusing to say the least.
The fact is that if any car is not deemed to be essential the OR may claim it. The OR's role is to realise as much money from the bankrupts estate to the benefit of creditors as possible.
On that basis your OR, having taken into consideration collection costs plus auction sale price plus auction fee, has decided he may only realise £100 after all costs have been taken into account therefore invited you pay an equal sum to exempt the car.
m88's daughter could well give a similar explanation and offer and the OR may accept.
It is certainly worth a try.
The difficulty comes if you are dealing with an office that will take the vehicle regardless.
One might argue that this is a dereliction of duty as in many cases the sum realised following repossession is less than the bankrupt's offer.
I have even seen cases where repossession has cost the OR money. Dereliction of duty one would think.
But it happens.
John White
England Jackman & Spacey |
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chester2005
Average Member
United Kingdom
786 Posts |
Posted - 03 April 2009 : 00:41:16
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Reading between the lines then, if she is seeking work and realistically needs the car to do this she might be ok, or make an offer to buy the interest in the car and hope the OR is sensible,
Either way good luck with it
Dave
Don't worry or know that worrying is as effective as trying to solve an algebra equation by chewing bubble gum.
Life's too short!!! |
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m88
Junior Member
159 Posts |
Posted - 03 April 2009 : 09:11:10
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quote:
Originally posted by chester2005
Reading between the lines then, if she is seeking work and realistically needs the car to do this she might be ok, or make an offer to buy the interest in the car and hope the OR is sensible,
Either way good luck with it
Dave
Don't worry or know that worrying is as effective as trying to solve an algebra equation by chewing bubble gum.
Life's too short!!!
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m88
Junior Member
159 Posts |
Posted - 03 April 2009 : 09:16:02
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thanks everyone for your time.
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m88
Junior Member
159 Posts |
Posted - 03 April 2009 : 09:17:03
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hearing was at sheffield
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Skippy
forum expert
United Kingdom
3290 Posts |
Posted - 03 April 2009 : 12:36:27
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A friend of mine went BR shortly after me and her car was taken even though she was a single parent at the time and the car was only worth £300.
Tomorrow is a mystery, yesterday is history, today is the present, a gift to make the most of.
View my blog at http://skippy13.blogs.bankruptcyhelp.org.uk/
22 IPA payments made, 14 to go - on the home straight! |
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my daughter has just been to interview
