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 Bankruptcy and car HP -		  New Topic  Reply to Topic
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craigd2
Starting Member



1 Posts
Posted - 09 July 2009 :  21:22:44  Show Profile  Visit craigd2's Homepage  Reply with Quote
Bankruptcy and car HP - we are considering going BR, we both work and need the cars for employment as work is 12miles away, one of the cars is on HP, would it be seen as preferentical treatment of a creditor if we paid off the HP ?

debtinfo
forum expert



2826 Posts
Posted - 09 July 2009 :  22:42:20  Show Profile  Reply with Quote
do you mean before the bankruptcy or do you mean carrying on the payments once you are bankrupt
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Niobe
Administrator



United Kingdom
4590 Posts
Posted - 10 July 2009 :  18:07:29  Show Profile  Reply with Quote
It may be seen as preferential treatment. You may find that depending upon the value of the car, you have to sell it anyway and buy a cheaper one.

The glimmer gets brighter all the time

Jan
xx
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