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T O P I C R E V I E W
andy
Posted - 25 June 2008 : 15:14:32 I will be going bankrupt soon and have a car worth approx £4300. Will I have to sell this and how much would they allow me to get another cheaper one as I realy need one to travel to work as I work continental shifts.
Andy
4 L A T E S T R E P L I E S (Newest First)
Trolly-Dolly
Posted - 26 June 2008 : 08:09:37 Thanks Melanie, Well I just used Parkers and the valuation was between £2460 and £2860, so very accurate. Fingers crossed xxxxxx
melanie_giles
Posted - 25 June 2008 : 21:37:45 Parkers are a firm of valuers used extensively by the OR. You could also use Glass's Guide.
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
Trolly-Dolly
Posted - 25 June 2008 : 20:51:20 Hi Suzanne, Thanks for that info, what is a Parker type scale though? My car is worth between £2400 and £2800.
Suzanne
Posted - 25 June 2008 : 16:01:14 Hi andy The OR will usually allow a vehicle worth up to £2500-£3000 as exempt. The valuation will be done on a Parker type scale, so have a look and see if it may be worth less than that. If not do you have anyone who could pay the difference?
