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Friend needs advice on possible bankruptcy please


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hi all

honybee when i go to fill in the title the page keeps refreshing and icannot write anything in it

 

this is the post iwas to looking to post

i am looking for advice as for a bankrupcy that may occur in a few months

 

my friend is looking for info with reference to hire purchase he has a vehicle financed for himself and another for his girlfriend he also has a van on lease for his business can anyone offer any advice on this will he lose all if he goes bankrupt the cars themselves not worth a fortune in value

 

any help greatly appreciated

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hi all

honybee when i go to fill in the title the page keeps refreshing and icannot write anything in it

 

this is the post iwas to looking to post

i am looking for advice as for a bankrupcy that may occur in a few months

 

my friend is looking for info with reference to hire purchase he has a vehicle financed for himself and another for his girlfriend he also has a van on lease for his business can anyone offer any advice on this will he lose all if he goes bankrupt the cars themselves not worth a fortune in value

 

any help greatly appreciated

 

Hi

 

Much more information would be needed to give any accurate guidance.

 

Maybe have a look at the links below for now and pass the info on

 

Insolvency Service / Technical Manual

 

http://www.bis.gov.uk/insolvency/personal-insolvency

 

http://www.insolvencydirect.bis.gov.uk/technicalmanual/default.htm

 

http://www.insolvencydirect.bis.gov.uk/technicalmanual/TM%20Index/V-W-X-Y-Z/V-W-X-Y-Z.htm

 

CAB Link on B/R

 

http://mymoney.nedcab.org.uk/moneyadvice/bankruptcy.asp

 

Business Debtline

 

http://www.bdl.org.uk/

 

Always best to get full advice on bankruptcy before making any decisions

 

Hope this helps some

 

Best Wishes

Edited by Wintry
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  • 1 month later...

Ok ok I'm having a simalir issues it won't let me start a new thread....

 

But I need some advice, I am going to declare myself bankrupt, but I have a car on a HP agreement, and the issue I have is I need the car for work as I'm unable to get to work using public transport becasue of start and finish times. I often start before 5am and often finish after 0130. I dont have the money to buy a new car and still have 4 years on the hp agreement to pay off....

 

My questions is do I not add it to the paperwork, and continue paying it ?

 

Thanks

 

Mway

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