Bright House washer/dryer

Flora_McDora

I have a washer/dryer from Brighthouse which costs me £9.60 pw. I know it's madness but I was desperate at the time when I bought it. 
If I put it on my list of debts when I submit my bankruptcy, will they be able to take it away or will it be classed as an essential payment? I think my payments actually end in October 2020.
Many thanks
Flora x

Minkym00

As far as the OR is concerned you should be able to keep it as it is secure debt for an essential item, the issue will be with Brighthouse as they may terminate the agreement  and seek to reclaim the goods. Check the Ts and Cs.

Flora_McDora

Minkym00 said:

As far as the OR is concerned you should be able to keep it as it is secure debt for an essential item, the issue will be with Brighthouse as they may terminate the agreement  and seek to reclaim the goods. Check the Ts and Cs.

Will they try to reclaim goods even if I am still making payments?
Thanks

Minkym00

In all likelihood no, but see what the Ts and Cs say in relation to bankruptcy.

luvchocolate

As this company is in Administration I'm not sure what will happen 

mwarby

5 repayments left on what was probably a multi year deal. I expect a washing machine that’s had a couple of years use is worth little, especially once cost of collection is factored in

gary83

mwarby said:

5 repayments left on what was probably a multi year deal. I expect a washing machine that’s had a couple of years use is worth little, especially once cost of collection is factored in

Agreed the second hand value of a washer/dryer is probably very little but It’s more than 5 payments left, the OP said it was £9.60 per week, not per month.

Mark_b

Hi it’s worth very little second hand so in my opinion include it in your BR and wait and see.But have a read of the T&C first

sourcrates

You could just stop paying, the brighthouse loan book has not been sold as yet, its unclear when that may be, if at all, as brighthouse had an unwritten policy of not chasing debts more than 90 days in arrears, so how that plays out in administration is anyones guess.

The OR is not interested in your secondhand household goods, if you had a piccaso or two on your bedroom wall, well that would be a different matter.