surrendering car on finance after discharged

suejgem

for the main reason of loss of income i am in the process of sending back to the finance company my car as im no longer able to afford it,i have rang the official receiver who says the shortfall will be included in my now discharged bankruptcy,received this surrender letter today from the finance company just want to know if it is ok to sign and return


re; hire purchase agreement num aaaaaaaaaaaa

i state that it is my wish to surrender to marsh finance limited the vehicle reg number yyy 0005
car make peugeot


comprised in an agreement dated 2008 and made between the creditor of one part and myself of the other part and accordingly i hereby give you notice as follows:

i hereby relinquish possesion of the vehicle and surrender the same to the creditor and authorise and request the creditor to collect and take delivery thereof

this surrender is made without prejudice to any lawful claims and demands by the creditor against me under the terms of the agreement

debtors name and signature



is it ok to sign and return,will this make me liable for the shortfall again????:o
thanks in advance for any replys

fermi

suejgem wrote: »

is it ok to sign and return,will this make me liable for the shortfall again????:o

Shouldn't do. Based on that wording anyway.

But as always, if you are not sure, check with your OR before you sign.

suejgem

fermi wrote: »

Shouldn't do. Based on that wording anyway.

But as always, if you are not sure, check with your OR before you sign.

thankyou:beer:

suejgem

not very busy on here today:mad:

fiveyearplan

The finance company may not accept that letter and may want you to sign their own letter. I refused to sign the letter from my finance company therefore they had to take me to court to take the car back. I went along to the court and explained to the judge that I was bankrupt so they made an order that the finance company repossess the car. If I hadn't attended court costs may have been awarded to me because I'm sure the solicitor acting on behalf of the finance co. wouldn't have told them that I was bankrupt and that the agreement went into my BR, but since I did go to court I had no court costs to pay.