i sold my cars about 4 months ago as i lost my job due to health issues. If i go bankrupt i have heard they can go and take the cars off of the people i sold them to is this true?
The OR will want to know about the cars, the amount you sold them for and what you did with the money. The OR would have expected you to use any excess from the sale to pay towards your creditors.
If you sold the cars for a fair price then there isn't a problem. If you just gave the cars to friends then the OR could take them and sell them to pay to your creditors.
i sold my cars about 4 months ago as i lost my job
Posted - 30 July 2009 : 14:47:40
