| T O P I C R E V I E W |
| hammy0107 |
Posted - 22 May 2008 : 15:50:58
Just reading an earlier post about selling a car and i have just remembered something that is now worrying me. I bought my wife a car 13 months ago and i can't remember why now but there was a good reason i registered it in my name. It didn't make any difference to me as although in my name i classed it as my wifes car. Anyway a few months ago i transferred it to my wife, it was a genuine gesture of giving her something that was hers as sometimes she feels a little trapped as everything we have is in my name. I hadn't even considered BR or IVA at that stage and there was nothing devious in it at all. I am now worried that it will look suspicious and that the OR will want to have my wifes one and only posession or just as bad give me a BRU /BRO. The car is worth £1k maximum. Should i be worried? Do i declare it as i haven't actually sold a car? |
| 9 L A T E S T R E P L I E S (Newest First) |
| JulianDonnelly |
Posted - 23 May 2008 : 14:47:33
Hi Hammy,
Seeing how the car was paid for and the amount of both cars, as Melanie mentions I would not be concerned.
Julian Donnelly
Spokesperson for www.Bankruptcyhelp.org.uk |
| melanie_giles |
Posted - 22 May 2008 : 22:10:56
The figures concerned are sufficiently low to not cause an issue with the OR Hammy. I would imagine that this car is not worth a lot of money?
For an informal chat about any financial difficulties, or advice as to the options available, I can be contacted via my website - www.melaniegiles.com |
| hammy0107 |
Posted - 22 May 2008 : 20:38:34
Julian,
You have worried me even more now with your questions!! Am i in trouble??? |
| hammy0107 |
Posted - 22 May 2008 : 19:52:20
I bought mine in September 2006.Mine was bought out of an insurance pay out (RTA mine a write off). My wifes was bought out of a dividend from work. |
| JulianDonnelly |
Posted - 22 May 2008 : 19:00:36
When did you purchase your car?
Where did the cash come from to pay for your wife’s car?
Julian Donnelly
Spokesperson for www.Bankruptcyhelp.org.uk |
| hammy0107 |
Posted - 22 May 2008 : 18:11:37
Yes i do but it is worth about £2k. |
| JulianDonnelly |
Posted - 22 May 2008 : 18:09:00
At this amount I wouldn’t worry have you a vehicle registered to you at the moment?
Julian Donnelly
Spokesperson for www.Bankruptcyhelp.org.uk |
| hammy0107 |
Posted - 22 May 2008 : 16:18:52
Worth about £1k to £1 1/2k max now. Paid for it in cash, April 2007. |
| JulianDonnelly |
Posted - 22 May 2008 : 16:15:01
Hi Hammy,
How much is the car worth and how was it paid for?
Julian Donnelly
Spokesperson for www.Bankruptcyhelp.org.uk |
