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 my husband and i own a Morris Traveller in very poor condition

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T O P I C    R E V I E W
Loz.55 Posted - 01 February 2013 : 19:51:45
my husband and i own a Morris Traveller in very poor condition. It isn't road worthy and is little more than a 'project' for future. Similar condition travellers are on ebay for up to £300. My husband has been made bankrupt and initially The Trustee valued the car at £4K and on seeing photos now between £2 and 4k. This is a silly valuation as the car is not road worthy and needs that sort of money spent on it to make it worth £4k. My question is this - if I make an offer for what we believe the car is actually worth and the Trustee refuses that offer can they then sell the car for less than i offered? My worry is having offered a current market price they may think they can get more in auction which wouldn't be the case.
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Viki.W Posted - 02 February 2013 : 08:36:36
Hi Loz,

If you really want to try and keep it, then offer what you can afford. Hopefully they will accept.

Please let us know how you get on.



Viki Warbrooke
Vincent Bond & Co
If you would like free advice on all options available and help with your bankruptcy petition please contact me at http://www.vincentbond.com/about_us_Viki_Warbrooke.asp
Niobe Posted - 01 February 2013 : 20:59:11
Hi and welcome to the forum.

Hopefully you will be able to keep the car but of course it is up to the trustee,

Fingers crossed.

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