Car value

Get expert opinion. This is the place for new questions to be posted.
2 posts Page 1 of 1
User avatar
stephen994
Posts: 1
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?
User avatar
Foggy
Forum Expert
Posts: 26065
Contact
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.
2 posts Page 1 of 1
Return to “Ask IVA Forum and Industry experts”

Who is online

Users browsing this forum: No registered users and 4 guests