Bankruptcy and Company Car

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pm.e

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Post by pm.e » Sun Jul 15, 2007 10:36 pm
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Hello,

Does anyone know what the position is regarding BR and a company car?

I hope it doesnt tell me I give it back?

Would my employer take this off me?, and what happens if I have other benefits form my employer?

Are they all void in terms of my NT tax code?
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MelanieGiles

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Post by MelanieGiles » Sun Jul 15, 2007 11:20 pm
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If it is a company car, then the OR has no call over it and you can keep it. Your employer will not take it from you - remember bankruptcy only affects assets that you own.

Regards, Melanie Giles, Insolvency Practitioner for over 20 years.

For further details contact me at http://www.melaniegiles.com and view my IVA blog at: http://melaniegiles.blogs.iva.co.uk
Regards, Melanie Giles, Insolvency Practitioner
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pm.e

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Post by pm.e » Sun Jul 15, 2007 11:48 pm
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Thank you Melanie,
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Oliver

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Post by Oliver » Mon Jul 16, 2007 2:10 pm
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A company car is not owned by you so the OR has no juridiction here. The only person that can terminate this agreement is your employer.

Best Regards
Oliver

Thomas Charles and Co Ltd.
Experts in personal debt solutions.
Read customer feedback at: www.thomascharles.com/about_us.asp
Best Regards
Oliver
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Flowers2221

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Post by Flowers2221 » Mon Jul 16, 2007 7:41 pm
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Further to the comments above, I read on the internet last night that unless your employer does a credit check on you they may never realise that you are bankrupt? Another site says that they are immediately informed? Can anyone shed any light?

Thank you
Flowers
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pm.e

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Post by pm.e » Mon Jul 16, 2007 8:32 pm
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Hi, perhaps they will know because your tax code will change to NT Coding Notice?

Is there any other reasons why you would get a NT Coding Notice?
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