can someone explain to me

Get expert opinion. This is the place for new questions to be posted.
3 posts Page 1 of 1
 
 

debra35

User avatar
Posts: 22
Joined: Wed Apr 22, 2009 7:24 pm

Post by debra35 » Tue Jun 02, 2009 10:55 pm
can someone explain to me wat happens wen they get a court order to reposess my car its on hire purchase how long it takes them to get it and would the court come to some agreement
 
 

MelanieGiles

User avatar
Industry Expert
Posts: 47612
Joined: Tue Jan 09, 2007 10:42 am
Location:

Post by MelanieGiles » Tue Jun 02, 2009 11:09 pm
I think this has already been answered for you on several earlier posts Debra - there is no set timescale for the possession of the vehicle, and it is unlikely that the Court will intervene in a lenders contractual rights - but it might be worth a try if you feel you have a sensible offer to make.
Regards, Melanie Giles, Insolvency Practitioner
 
 

Storm

User avatar
Posts: 536
Joined: Sat May 27, 2006 2:38 pm
Location:

Post by Storm » Wed Jun 03, 2009 10:44 am
In terms of a sensible offer: The court would look to have a quick resolution ie being able to repay the arears plus normal monthly payments within say 6 months max.

The District Judge would then potentially look at a suspended order which would mean any late payments or failure on your part and the lender wouldn't need to go back to court they would simply collect the vehicle.

If you have a history of not sticking to payment arrangements - the lender will sucessfully resist this.

Timeframes - Application to the court for a return of goods order is normally heard after 28 days and the District Judge will typically set a timeframe for you to return the goods ie 7 days.

I am sure you aware (from other posts) you will be liable for all collection costs, arears, court / legal costs plus any shortfall when the vehicle is sold at auction.
3 posts Page 1 of 1
Return to “Ask IVA Forum and Industry experts”