breakonthru123
Registered User
- Messages
- 33
Hi all,
Just looking for some advice here. The only car we have is registered to my wife and has received an official valuation from a local SIMI dealership to be worth circa €6,000.
It is a mid-2011 car, 190k kilometres on the clock, loads of scratches etc. Some 2nd hand vehicles sold by dealerships on donedeal.ie / adverts.ie are selling for more or less then this amount.
This asset is my wife's sole asset (we're both going bankrupt) and she uses it to get to work, she is the sole breadwinner in the household and needs the car to get to work.
Will the official assignee take the car - and - can we argue that - obviously - she needs it and sure its only worth €6K?
Also, are her clothes, phone etc excluded from the €6k that a bankrupt is allowed to keep?
Cheers!
Breakonthru
Just looking for some advice here. The only car we have is registered to my wife and has received an official valuation from a local SIMI dealership to be worth circa €6,000.
It is a mid-2011 car, 190k kilometres on the clock, loads of scratches etc. Some 2nd hand vehicles sold by dealerships on donedeal.ie / adverts.ie are selling for more or less then this amount.
This asset is my wife's sole asset (we're both going bankrupt) and she uses it to get to work, she is the sole breadwinner in the household and needs the car to get to work.
Will the official assignee take the car - and - can we argue that - obviously - she needs it and sure its only worth €6K?
Also, are her clothes, phone etc excluded from the €6k that a bankrupt is allowed to keep?
Cheers!
Breakonthru