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Buying a car before bankruptcy?
Comments
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I have never known an examiner allow car finance as an expense.:pB&SC No. 298
Life`s Tragedy is that we get OLD too soon
and WISE too late!0 -
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Have seen a few, but would only be where:
- There is no excess releasable value in the vehicle as an asset to the OR
- The finance company is happy for it to continue
- The cost per month is reasonable, compared to what essential transport expenditure would have to paid out for another option.
It's always going to be a bit of a stab in the dark as to whether the company/OR etc will be OK with it.Free/impartial debt advice: National Debtline | StepChange Debt Charity | Find your local CAB
IVA & fee charging DMP companies: Profits from misery, motivated ONLY by greed0
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