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 bankruptcy postbag for april
 would the court have any right to seize car
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mt01
Junior Member

171 Posts

Posted - 22 April 2008 :  22:35:56  Show Profile  Reply with Quote
I sold my classic car a three months ago for £2,250 market value being £2,800 and now i am in a position where bankruptcy looks like my only option, would the court have any right to seize it?

Edited by - mt01 on 22 April 2008 22:36:30

Reviva UK
Advanced Member

United Kingdom
2452 Posts

Posted - 22 April 2008 :  23:07:01  Show Profile  Reply with Quote
Hi mt01

regarding the car provided it was done legitemately with documentation it would be OK. Classic cars are notoriously difficult to value and you are probably just on the verge of an under value transaction. Also extremely useful if you can demonstrate how you were paid and what you have done with the money.

Did you sell the car to a friend or was it advertised and achieved a market value on its own?

Why do you believe you should be looking at br? Perhaps you could post more information so we can help


**** sorry I have added additional script because my computer froze midway through positing - sorry ***
Paul Johns
Assisted Bankruptcy Specialists
Reviva UK
www.revivauk.com

Edited by - Reviva UK on 22 April 2008 23:36:35
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melanie_giles
Senior Member



1191 Posts

Posted - 22 April 2008 :  23:29:35  Show Profile  Visit melanie_giles's Homepage  Reply with Quote
Why was the car sold at less than its market value?

For an informal chat about any financial difficulties, or advice as to the options available, I can be contacted via my website - www.melaniegiles.com
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