Car value

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by stephen994 » Mon Jun 11, 2018 12:21 pm
I've told been car is worth 6-6.5K and that I can have 3K.
If I sold car for 8K I've been told I can still only have 3K is this correct?
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by Foggy » Mon Jun 11, 2018 1:16 pm
Told by who? And for what reason ? If you are entering an IVA, many of us went into such an arrangement with vehicles worth more than £8k. If for bankruptcy they will possibly sell the vehicle and allow you the £3k to buy a replacement, But this is not usually set in stone, as far as I am aware (but stand to be corrected), and depends on the individual OR involved.
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