Time to admit defeat

broaps

Hi Feral Moon

When you apply for bankruptcy you have to list any vehicles you have owned in the last year including the registration number. The OR will definitely be interested if it looks as if you have sold it below value. Have you still got the quote for the repair? If so you could use this as evidence that the car wasn't worth much to justify selling at a low price.

maxmycardagain

sourcrates wrote: »

If its not roadworthy, then get it SWORN, that makes it worth only scrap value.

No it doesnt

Half the classic cars in the country are SORN from October to April*

if its only worth scrap, weigh it in at the nearest yard or have it collected

Feral_Moon

maxmycardagain wrote: »

No it doesnt

Half the classic cars in the country are SORN from October to April*

if its only worth scrap, weigh it in at the nearest yard or have it collected

I ran a valuation quote through webuyanycar.com and it came back at £1330

Would they still take the car to sell in this case?

broaps

Hi Feral Moon

You would get a better guide price from Parkers Guide. Webuyetc only ever offer a low price so unlikely to be accepted by the OR. Usually any car over £1000 has to go but have a look at this as it covers cars amongst other things.

https://debtcamel.co.uk/lawnmower-bankruptcy/

maxmycardagain

Feral_Moon wrote: »

I ran a valuation quote through webuyanycar.com and it came back at £1330

Would they still take the car to sell in this case?

If its SORN maybe no MOT the recovery/storage costs would exceed £300 and the valuation by WBAC is at best vague......get it tothem and they pick faults down to £900

Feral_Moon

Sorry for all the questions but my head is all over the place right now in trying to cone to terms with this. Part of me is trying to carry on as normal and dropped all payments to minimum amounts, thinking I can just continue paying it off until the day I die.

Then, I have relatives telling me I'm stupid to even consider it and I should throw in the towel now and accept defeat. It goes against everything I believe in though. And the thought of defaulting a single payment makes me feel ill. Is that what I have to do? Stop paying all (non-essential) DDs and wait for them to chase me? My anxiety couldn't cope with that

Or do I just keep paying until basically I run out of money? Which will be within a month or two, then file for bankruptcy myself, which will mean I have nothing left to live on. Help?

broaps

Hi Feral Moon

Have you discussed your problems with a debt specialist? Family may think they are helping but there is plenty of free professional advice out there. We found CAB were very helpful going over all our figures and confirming that BR was the best option. They might be able to help with your PIP problem too. National Debtline are also great for telephone advice if you don't fancy something face-to-face.

Hope you soon find an answer.

Feral_Moon

broaps wrote: »

Hi Feral Moon

Have you discussed your problems with a debt specialist? Family may think they are helping but there is plenty of free professional advice out there. We found CAB were very helpful going over all our figures and confirming that BR was the best option. They might be able to help with your PIP problem too. National Debtline are also great for telephone advice if you don't fancy something face-to-face.

Hope you soon find an answer.

No, I haven't spoken to any debt councillors yet, however I've read some stuff online, which is why I'm now scared because I'm struggling to change the way I deal with finances. For approx 20 years I've bought everything on credit cards - different cards for different functions - as I was paranoid about card cloning etc.