| T O P I C R E V I E W |
| vacs |
Posted - 02 August 2008 : 00:36:20
my husband purchased an expensive car with his private reg on it but put the log book in my name can the courts make him sell it if i am the only one going bankrupt |
| 4 L A T E S T R E P L I E S (Newest First) |
| John |
Posted - 04 August 2008 : 12:34:33
Hi vacs
as the ownership of the car is not with the bankrupt party, the decision to sell it or not is entirely your husbands and when, or if, he does so will not be affected one way or the other by your BR.
www.Bankruptcyhelp.org.uk
0800 078 9367 |
| vacs |
Posted - 04 August 2008 : 12:20:07
Hi and thanks for welcoming me to the forum regarding this car we purchased it on our old mortgage 3 years ago as we had some collateral. we have sinse moved to devon and purchased a new house with a new mortgage but because of credit crunch we had our house valued and it is now only worth of our exsisting mortgage.Would my husband be better off selling it now before I go bankrupt |
| vacs |
Posted - 04 August 2008 : 12:16:20
quote:
Originally posted by John
Hi vacs & welcome to the forum
the V5 being in your name is not proof of ownership.
Providing the payment can be proven to have come from your husband or if the car is on finance and it is financed in your husband's sole name (his name only on the finance agreement), then all is well.
www.Bankruptcyhelp.org.uk
0800 078 9367
|
| John |
Posted - 02 August 2008 : 02:33:34
Hi vacs & welcome to the forum
the V5 being in your name is not proof of ownership.
Providing the payment can be proven to have come from your husband or if the car is on finance and it is financed in your husband's sole name (his name only on the finance agreement), then all is well.
www.Bankruptcyhelp.org.uk
0800 078 9367 |
