I'm currently in the 5 week waiting period, waiting to see if my trust deed becomes protected. I was told that I wouldn't need to sell my car because it was only worth £4000 and I need a car to carry out my job. I guess it's a case of if I was forced to sell my car to raise money, then I wouldn't be able to carry out my job therefore I'd be unable to make my monthly contribution? The problem is that my car has developed a serious problem and requires a new engine (which would cost more than the car's worth) so I was forced to advertise it for sale. After it was advertised, I received my documentation from my Trustee which tells me that I must not sell the vehicle during the Trust Deed period. I called them to say that I had advertised it before I knew this and they said they'd need to 'look into it' and decide what to do. They still haven't come back to me and I've now had a buyer approach me who has purchased the vehicle. I didn't get the asking price of £4000 but I'm not sure what to do now. I need a car to carry out my business and I appreciate I may not be able to keep all of the money I made from the sale of the car but I find my Trustee slow and vague with information. Can they request all of the money? If this happens, how am I meant to buy another car?
Thanks for any help