Hi, I have been made bankrupt about two weeks now and the receiver has told me that i cannot keep my works van because its worth three grand.They say if i pay two thousand i can keep it allthough it will probably only get 1500 at auction.They said to write a letter explaing why i should keep it but i have no idea what to put in it.I am a self employed builder and if they take my van i will be well and truly screwed. They have allready taken my car. Thanks for any advice
You are normally allowed a car/van worth £2k so you should only have to pay the OR £1k at most.
The way it should work with vehicles worth more than £2k is the OR takes them for sale and then gives you £2k back in order to buy a vehicle for this price so I think they have made a mistake.
Take it to a dealer and ask them for a written valuation as the OR will only have looked on the Parkers website to get a price and not looked at the van itself.
Will you be paying an IPA? If so mention to the OR that without the van you won't be able to work so won't be liable for an IPA.
If the OR doesn't budge then you can refuse to give up the van and request the case is decided by a judge.
I would tell the Official Receiver your van is a works tool and you have been told you are able to keep it as it is not worth more than a reasonable replacement.
Hi Mattyr40 Sorry to hear the OR wants your Van, May be I was lucky, I told them that my Van was worth about £2700, and I was allowed to keep it as I needed it for work. I told them that I intended to carry on working Self employed, May be my van was not worth as much as I thought, I recieved a letter of non interest. Keep your chin up mate,
if they take my van
Posted - 13 August 2009 : 11:36:59
