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Will I keep my car - Bankruptcy UK

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Will I keep my car

The rule here is that vehicles up to the value of £1,000 may be kept provided they are needed for work. If you had a car worth, say, £3,000 you would be given the choice of either paying the OR the difference (£2,000) and keeping the car or allowing it to be sold and be given £1,000 (by the OR) to buy a replacement. It is unlikely that a car on finance will be allowed, though we have known exceptions.

 

Bankruptcy UK

Bankruptcy UK