MOT and twins - Start of our new life!

rog2

mumoftwins wrote: »

The guy from CAP told me that the limit was £2000 now I don't know what to do??

Rog2 - do you have any advice here please?

There is no 'hard and fast' figure, mot, although between £1000 and £2000 'seems' to be the norm - it does depend on convincing the OR (in bankruptcy) or the IP (in an IVA) of how important the car is for you - eg whether you need it for your work, or looking for work, or are disabled, no bus services, etc.
In saying that, there have been instances, on the bankruptcy board, where OR's have 'siezed' cars of little value, although they often give the br's family the opportunity to 'make a reasonable offer' to purchase the car.
It is, unfortunately, one of the most inconsistent areas in insolvency. The Insolvency Service do issue 'guidelines' but these are open to local interpretation.
Just one thing, though - selling prices very rarely respect the true value of a car - this tends to be based on 'trade/auction' value and could be much less than 'retail'.

mumoftwins

glendam wrote: »

I dont post often but think of you all the time. I have followed your story through every post and laughed and cried right along with you.
Just to say I am sitting here with tears running down my face.
I am so happy you have had a date for moving and I wish you all the luck in the world.
You all deserve it.

Glenda

Thank you Glenda,

Receiving a post like yours along with the other 'regulars' makes me think that MSE is a wonderful place to be :grouphug:

mumoftwins

vandanfc wrote: »

http://bankruptcy.informe.com/cars-and-bankruptcy-dt72.html

Just found the above link quoted on another thread. Haven't read it, but it should help apparently.

Thanks Vanda, I will sit and have a good read xx

rog2

vandanfc wrote: »

http://bankruptcy.informe.com/cars-and-bankruptcy-dt72.html

Just found the above link quoted on another thread. Haven't read it, but it should help apparently.

It is, indeed, an excellent and very informative post, and was posted by our very own 'fermi', so you can rest assured as to its validity.

locutus2003

The one day I don't look at the thread is the day I miss the best news ever!

MOT - I'm SO pleased that next Thursday is the day. The times you must have thought this would never happen - but how wonderful it finally is.

I'm so very pleased for all of you - and look forward to the virtual housewarming party!!

Wol2

Hi MOT, Hi IT

Oh wow!! Fantastic! Great great news.

:j :j :j :j :j :j :j :j :j :j :j

Glad to hear you;ve been having a relaxing time while the twins are away MOT

Will ring you later....I'm working from home today

Much love
Wol2
xxx

beanielou

Great news on house~~So so pleased for you & yours
Dont worry about diet~sometimes life gets in the way!
Can highly recommend a Yaris BTW~Ive gor a Yaris Verso at the mo.
Looking at cars too & thinking about ether a Yaris ot the baby Argo as its very economical.

bringmeshoes

Hi MOT
congratulations on the house, bet you can't wait!
all you have to cope with now is the arguing over who gets what bedroom :rotfl:

mumoftwins

bringmeshoes wrote: »

Hi MOT
congratulations on the house, bet you can't wait!
all you have to cope with now is the arguing over who gets what bedroom :rotfl:

Bedrooms already decided on first visit BMS :rotfl: :rotfl: :rotfl: but yes I'm really excited to be under my 'own' roof again soon!

Going to look at a Yaris today in Hayes, Middx then off for a swim and to local theatre tonight

vivatifosi

Hi MOT,

Great news that you'll be moving soon. I can't believe it. F-I-N-A-L-L-Y!!!!!!

Now you can really get on and celebrate the rest of your life. Good luck with the car and stuff, and if there's anything I can do to help out, please let me know.