My hubby sold his car last week to pay our br fees. He sold it to webuyanycar.com for a reasonable price for £1200. Will the OR view this dimly or will they be ok about it, even stopping paying creditors we had no other spare money!
You will need to put the details of the sale on the SOA. If it is a fair price and it was sold to a company (rather than a friend) there won't be a problem. Normally the OR would expect any profits to be paid to creditors but if this is the only way that you could afford to pay the BR fee then there isn't a lot you can do.
The OR will go through your I&E during the interview and this will show any excess you have each month. If there isn't any (or very little) even without creditor payments then there won't be a problem with using the car sale to pay the fees.
My husband sold his car to pay br fees
Posted - 24 June 2009 : 18:26:20
