You can retain a car up to the value of £3,000 without it vesting in the Trustee. If your car is valued at more than £3,000 then the Trustee may allow you to continue using the vehicle in order that you can get to and from work, assuming you maintain a contribution to your Bankruptcy. If it is cost effective to sell the vehicle then your Trustee will consider this option.
May not be suitable in all circumstances. Fees apply. Your credit rating may be affected.
Free debt counselling, debt adjusting and providing of credit information services is available to customers by contacting MoneyHelper.