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.
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?
getting a cheaper car
Posted - 25 June 2008 : 15:14:32
