Good evening all, hope someone out there can respond with a crumb of hope!!
I went bankrupt in August of this year. Once I saw the Receiver I was told that I had enough income to offer an Income Payments Agreement and my case was passed to KMPG to administer. I was informed by them that they had no interest in taking the car as an asset as it was subject to a hire purchase agreement with a balloon purchase at the end so I continued to make my payments as usual.
Yesterday I received the Notice of Termination and in the accompanying letter the suggestion that if I wished to discuss the matter further then I should contact RCI Financial Solution Department.
I went bankrupt in August of this year. Once I saw the Receiver I was told that I had enough income to offer an Income Payments Agreement and my case was passed to KMPG to administer. I was informed by them that they had no interest in taking the car as an asset as it was subject to a hire purchase agreement with a balloon purchase at the end so I continued to make my payments as usual.
Yesterday I received the Notice of Termination and in the accompanying letter the suggestion that if I wished to discuss the matter further then I should contact RCI Financial Solution Department.
Enforcement and Termination Notice under section 76 (1) and section 98(1) of CCA 1974
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