Posted: Wed Jul 11, 2007 7:36 pm
I want to declare myself bankrupt as I cannot cope with my debts
There is no equity in my house and I have a £10,000 charging order also some loan and credit card debt if I go bankrupt will I automatically lose my house
My only asset is my 2 year old peugeot I'm not sure if the reciever will force a sale or if Peugeot can take it back, it was on a passport lease/buy scheme where you lease for 3 years then buy or give back. I have had it for 2 years and according to there contract because I have paid over 33% of the total owed they have to get a court order to retrieve the car. Have I got a cat in hells chance of keeping the car? I cannot get to work without it.
There is no equity in my house and I have a £10,000 charging order also some loan and credit card debt if I go bankrupt will I automatically lose my house
My only asset is my 2 year old peugeot I'm not sure if the reciever will force a sale or if Peugeot can take it back, it was on a passport lease/buy scheme where you lease for 3 years then buy or give back. I have had it for 2 years and according to there contract because I have paid over 33% of the total owed they have to get a court order to retrieve the car. Have I got a cat in hells chance of keeping the car? I cannot get to work without it.