- Wed Sep 26, 2012 9:43 am
As Carla has said you are allowed to keep a car worth up to £3000 in sequestration as long as you require it for work or reasonable family purposes. If your car is worth more than £3000 then you will either have to sell it, buy a cheaper one and give the Trustee in bankruptcy the difference or get a third party to pay the difference to the Trustee on your behalf.
IVA completed - July 2011
As a forum moderator I am here to help other forum members by sharing my experience of solving a debt problem and giving suggestions and advice where I can.