Bankrupt, need a new car

hd143

Hi all

I'm 5 months into my bankrupcy.

Today, i was told by a mechanic that my car is not worth repairing (there's around £800 of work to be done initially, and it's not worth much more than that).

I use a car for work, in fact I NEED a car for work, I'm paid an allowance as I'm an essential car user.

I had planned to replace the car when my bankrupcy is over, but now need to do that sooner.

Obviously I can't get a loan to buy one, (can I?) and have no means of buying one outright.

Do i have any options? I'm at my wits end. Someone has offered to lend me £1000, would this be allowed under the terms of my bankrupcy if it was an informal arrangement? Do i have to declare it?

If someone spent more than £1000 on a car for me to use, £5000 say, would that be allowed if it was registered in their name?

Help!

fiveyearplan

You can borrow any amount you like but you have to inform the lender that you are bankrupt if you are borrowing over £500.

fiveyearplan

......... and no you don't need to inform the OR about this.