Potential Bankruptcy - Couple of questions
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I am considering bankruptcy and have a couple of questions.
1) My partner lives with me and rather than having joint finances I simply pay all household bills and she gives me a monthly payment for her share. Would her finances be looked into by the OR?
2) My car is worth about 3200, I don’t want to lose it as there is no transport where we live (will affect work, contact arrangements with my kids etc)….would I likely be able to keep this?
2) My car is worth about 3200, I don’t want to lose it as there is no transport where we live (will affect work, contact arrangements with my kids etc)….would I likely be able to keep this?
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If they earn less than you and happy to declare their salary a %would be calculated.
The usual limit for a car is £1000
Is your car free from finance?
If so you'll need a valuation and it's sold at auction and you are given £1000 to replace.
Some examiners are a little flexible mine was valued at £1500 and I got to keep it