Car fetching more than the debt at auction

chrissa1 | 19:09 Fri 12th Mar 2010 | Civil

8 Answers

It's me again. If an item is sold at auction by Bailiffs and realises more than the debt + charges, is the Bailiff legally obliged to send the nett amount back to us?

Minimum spend

Neighbour dispute.

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chrissa1

Question Author

Why doc? Are they allowed to make them up?

factor-fiction

Was the car repossesed because you hadn't paid for the car or was it just one item seized because you owed money?

redcrx

i thought you had said the car was owned by the finance company so shouldnt have been removed?

chrissa1

Question Author

Redcrx, it Was owned by the Finance Company and we had an e mail from them stating that but he wasn't interested, wouldn't read the e mail and took it anyway!!!
Factor30, it was just one item for another debt.

ummmm

They can't do that.....simple. What does the finance company say???? It's their car after all....

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chrissa1

Question Author

We have spoken to the FC and their stance is, that what we owe on the car is so small that they will probably get paid out by the Bailiff.

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