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Can I Keep Both My Cars In Bankruptcy?
Question:
I am filling for bankruptcy, I own 2 cars one I need for work, the other my wife needs to help look after my mum she goes over once or twice a day and also takes her shopping, 1 car is worth £600-700, the other £150. Can or will thay take one off me if so which one.
Answer:
In bankruptcy you are allowed a car if you can show a need for it and it is of modest value, you seem to meet both those requirements.
As for allowing two cars in your name I cannot say, both are of low value and you maybe allowed if you can show you really do need both.
It will be the Official Receiver’s decision here and I cannot second guess them.
Thank you for letting me help you.
Jon
If you have a bankruptcy question you’d like to ask, just ask using this online form. All help is free.
Source: Can I Keep Both My Cars In Bankruptcy?