Please Help !!!!

[lisa1978]

Hello

Just been made BK today [:(] now im scared, the OR interview !!!!

Does any know where i would stand if i have to pay my parents monthly for my car ??? i need it for work and no car no job !!!

I would appreciate some help ?

Thanks

Lisa


Lisa

[MelanieGiles]

Hi Lisa and welcome to the forum

Could you clarify about what you mean about paying your parents for you car? Have they taken out a HP agreement for you?

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

To have me propose an IVA for you, please visit:
http://www.melaniegiles.com/ivaEnquiry.asp

See customer feedback at:
http://www.iva.com/iva_companies/IVA_Advice_Bureau.asp

[Soulgrowth]

Don't worry Lisa ... stay in touch here and you will get lots of support ... and lots of expert advice from lovely "experts' like Melanie [:)]

Debbie

www.babynamings.co.uk

www.soulgrowth.co.uk

[iva experts]

Hi Lisa and Welcome,

There are many people on this Forum who have gone bankrupt and were feeling exactly the same to you.

Are you borrowing your parents car and paying for the expenses? or are you paying your parents an amount each month for a loan they took out for you?

Best Regards,
IVA Experts
http://www.iva-experts.co.uk/

[mikebdomain]

Hi Lisa

Do post some more details, the IP and Bankruptcy experts on this forum are second to none, and will be able to help.

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LEYBRIDGE LIMITED
Mortgage Broker
Specialising in adverse credit.

see feedback and testimonials at:
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[lisa1978]

Hello

Thanks for all the replies, the story goes ... i was in an IVA but the company were not very good ( thats another story ) i had a cheap rover which was always in the garage, i could not afford the maintenence on it so my mum took out a little nissan micra for me and agreed i would pay her monthly which i do.

Now im BK im being told that it would be seen as preference and thats not fair.

But if i dont have a car i cannot work !!! what do i do

Can anyone help please ?



Lisa

[MelanieGiles]

I can't see why that would be the case Lisa. If your Mum owns the car, and you are paying for the use of it, this should be an allowable expense in the bankruptcy.

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

To have me propose an IVA for you, please visit:
http://www.melaniegiles.com/ivaEnquiry.asp

See customer feedback at:
http://www.iva.com/iva_companies/IVA_Advice_Bureau.asp

[lisa1978]

Hello Melanie

Really appreciate your response, i pay £111 a month and then petrol tax ect, totals about £280 per month.

Do you really think OR will allow this ? im scared stiff as my parents cannot pay it for me ?

Thanks

Lisa