Will I get into trouble ??

Itsallgonepearshaped

Hi all,

I sold my car today to raise the cash to pay the mortgage next month in the hope I'll get a job before the next payment comes due (I'm desparate to save the house if at all possible). Even if I do get back to work my unsecured debt levels are so high I think bankruptcy is still my only option. Will I get into trouble with the OR for selling the car in these circumstances (it was a third party transaction sold to a dealer) ?

Cheers

RAS

Hi

I am assuming we are not talking a lot of money here? And that you were legally entitled to sell the car - not HP or anything like that?

Itsallgonepearshaped

RAS wrote: »

Hi

I am assuming we are not talking a lot of money here? And that you were legally entitled to sell the car - not HP or anything like that?

Yup - it was only £2k and it ws my car outright ...

LilyBart

As long as the money from the sale of your car goes on essentials (food, mortgage, amenities), I think it would be a very harsh OR indeed who'd think ill of that.