One of the biggest fears of going bankrupt is whether you lose your car or not. Do not fear, you are allowed to keep your car providing it is a reasonably priced car ( usually under £2000 ) and is required to get to work.
If your vehicle has a lot of equity and worth something to your bankruptcy estate then the trustee does have the right to sell it. They would then replace it with a resonable car to enable you to continue travelling.
Feel free to contact us if you have any doubts or questions regarding what happens to your car in Bankruptcy.
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