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Dro
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devonjordan999
Posts: 2 Newbie
in IVA & DRO
Hi I've been told different information so I'm confused on what is correct, i need to apply for a dro but have to sell my car as it's worth a little bit more than a 1000 pounds can i sell it but still be the registered keeper without it being an issue??
TIA
TIA
0
Comments
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Hi,How much is the car worth ?Use Parkers Guide, use the lowest valuationSelling it may be constrewed as disposal of assets, how much is a little bit more ?
I’m a Forum Ambassador and I support the Forum Team on the Debt free wannabe, Credit file and ratings, and Bankruptcy and living with it boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com. All views are my own and not the official line of MoneySavingExpert.For free non-judgemental debt advice, contact either Stepchange, National Debtline, or CitizensAdviceBureaux.Link to SOA Calculator- https://www.stoozing.com/soa.php The "provit letter" is here-https://forums.moneysavingexpert.com/discussion/2607247/letter-when-you-know-nothing-about-about-the-debt-aka-prove-it-letter0 -
Bear in mind that cars depreciate at a few per cent per month and it will take some time to complete the application.
It's the value at the time of submission that counts.0
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