Help with SOA please

1worried1

ok thanks, just feel a bit cheeky putting holiday fund! but will just use what I put there for emergency's

kepar

You are usually only allowed to keep your car if it is really required. The £1000 amount although it can go up to £2000 is the value of the car the OR will let you keep. Anything over that and he might make you sell it to buy a cheaper one. The onus will be on you to make the OR realise that you need it. On your figures you spend about £170 a month on the car.
What he can do is not allow the car, the £170 will then be freed up, and will probably give you an excess. He will not make you sell the car, as you say it is not worth a lot. You will then have to pay for the upkeep of the car with any excess you have. Each OR is different, but this what happened to me. We have to run our cheap runaround out of the excess after the IPA has been paid.
Hopefully he/she will allow it for you, but try and have some answers ready as to why you need it.

1worried1

thank you Kepar for your advise, god am a bit worried now, If I don't have my car it will make getting my daughter to nursary and then to work on time very difficult and don't wanna annoy my work as they have been very good to me with the hard times i've had lately. I will have a think of how to word it to the OR - hopefully I will get an understanding one (with children!)

ontheroad_2

1worried1 wrote: »

thank you Kepar for your advise, god am a bit worried now, If I don't have my car it will make getting my daughter to nursary and then to work on time very difficult and don't wanna annoy my work as they have been very good to me with the hard times i've had lately. I will have a think of how to word it to the OR - hopefully I will get an understanding one (with children!)

thats exactly how to word it - the OR is a person, just write down on the bankruptcy application (theres a bit for extra info at the back) why you need to drive your daughter to nursery - emphasise that if you didn't do that, you'd have (x number) less hours at work each day, which would mean less wages coming in, to cover your household expenses.

1worried1

Doh! thanks! will do just that!