My partner is pregnant and we need to upgrade to a bigger car.

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Nicholas.96

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Post by Nicholas.96 » Tue Feb 05, 2013 6:51 pm
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me and my partner are 8 months into an iva and we havnt missed a payment.We need to upgrade to a bigger car as she is pregnant again and the finance company said they would help and our i.p. said that is ok. We have no assets just a car on finance would bankruptcy be a better option?
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Shining

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Post by Shining » Tue Feb 05, 2013 7:17 pm
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Hi, only you can really decide this. Are you struggling with your IVA? Life isn't easy I do admit within an IPA but with bankruptcy you may be paying for a further 36 months. We have posters who have been in an IVA and then bankrupt.
IVA final payment left the bank on the 26th January 2013...looking forward to a debt free future.
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Kelly O

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Post by Kelly O » Tue Feb 05, 2013 9:49 pm
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If you purchased another car, you could find it is at risk in a bankruptcy depending on the value as it would be classed as an asset.
Regards Kelly Osadare Debt Advice Manager at www.pjgrecovery.com (host to www.melaniegiles.com.)

PJG Recovery have a free online advice channel at www.debtadvicetv.com. If you are ready to ask us for specific advice or help, then get in touch at www.pjgrecovery.com/contact-us.asp . I look forward to speaking to you.
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