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 HI if the or tell you they will take your car		  New Topic  Reply to Topic
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sharkattack
Starting Member

22 Posts
Posted - 23 August 2009 :  22:23:51  Show Profile  Reply with Quote
HI if the or tell you there will take your car but you can by it back off them how does this work

Reviva UK
Advanced Member

United Kingdom
2452 Posts
Posted - 24 August 2009 :  08:53:54  Show Profile  Reply with Quote
The OR will determine what the car is worth ( or how much over the allowance it is worth) and ask you for this value.

There isn't a payment arrangement for this - they need the money in one lump sum.

Paul Johns
Bankruptcy Specialists
Reviva UK
www.revivauk.com

Real People ..... Real Debt Solutions
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Reviva UK
Advanced Member

United Kingdom
2452 Posts
Posted - 24 August 2009 :  08:55:09  Show Profile  Reply with Quote
What is the car worth and is it on finance?

Also do you use the car to get to work?

Paul Johns
Bankruptcy Specialists
Reviva UK
www.revivauk.com

Real People ..... Real Debt Solutions
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starboy
Starting Member

35 Posts
Posted - 24 August 2009 :  17:42:52  Show Profile  Reply with Quote
The car is mine/IT IS WORTH 1200/1500
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Niobe
Administrator



United Kingdom
4590 Posts
Posted - 24 August 2009 :  18:00:58  Show Profile  Reply with Quote
If the car is only worth that much and you need it for work, then I wouldn't have thought that the OR would want it off you.

The glimmer gets brighter all the time

Jan
xx
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gettingoutofdebt
forum expert



2418 Posts
Posted - 24 August 2009 :  18:39:14  Show Profile  Reply with Quote
The OR valued mine at £1400 (I would have said lower!) and said that as I needed it for work it would be exempt so you should be fine. The OR will send you a letter confirming the car's exemption a couple of weeks after the interview.
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starboy
Starting Member

35 Posts
Posted - 24 August 2009 :  20:17:26  Show Profile  Reply with Quote
Will the or get in touch with work about me needing it for my job or do i tell them.It just i dont want them to know
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Niobe
Administrator



United Kingdom
4590 Posts
Posted - 24 August 2009 :  20:19:39  Show Profile  Reply with Quote
I think it will just come from you.

The glimmer gets brighter all the time

Jan
xx
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