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Reviva UK
Advanced Member
United Kingdom
2452 Posts |
 Posted - 01 October 2009 : 08:06:46
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Hi John and welcome to the forum
not sure if the caravan is your home or not but assuming it is a holiday home then you will probably find that the terms and conditions of the finance agreement mean that they will cancel the agreement.
in addition any shorfall in its value will be included in the bankruptcy debt. your wife would then become liable for the debt.
it may be possible for your wife to continue with the payments and retain the caravan .
really need to see the contract and how it is laid out in the park agreement
Paul Johns
Bankruptcy Specialists
Reviva UK
www.revivauk.com
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hi im about to file for br i got a static caravan
