I was discharged from bankruptcy in oct 2009, but am still in an income payment agreement for just over 2 yrs. my car is 10 yrs old costing me loads in repairs to keep going and i need a reliable car cos of shifts i work,so i am considering entering a non status car purchase agreementto buy something newer and under warranty. now this wont be at best rate so i'll have less disposable income when next years income payment review takes place. would entering such an agreement to get the car cause me trouble with the trustees as in a way i am on purposely reducing my disposable income so they get less money into the agreement? or am i ok just to do it?
Quite honestly Darrenp746, I would speak to the Trustee and tell him what you have mentioned to the forum. I would suggest that you do NOT just go ahead and buy a new car. The Trustee, whilst he will want to get as much as possible for the creditors, will be sympathetic.
my car is 10 yrs old costing me loads in repairs
Posted - 04 February 2010 : 08:31:09
