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T O P I C R E V I E W
Anna04
Posted - 25 February 2010 : 12:54:02 I think I will be losing my car to my ex-husband in the near future.
I will going bankrupt in the next few weeks. My sister has offered me a car to borrow in the short term just to be able to keep working and transporting kids etc.
It will be in her name and she will only be lending me the car.
How would this stand in bankruptcy?
I don't want to take up the offer of the car to use, if it will then fall into the bankruptcy process. It wouldn't be fair on her.
3 L A T E S T R E P L I E S (Newest First)
Anna04
Posted - 25 February 2010 : 13:54:13 Thanks so much. One more headache worked though.
Richard P
Posted - 25 February 2010 : 13:09:05 hi anna
it should not effect her as long as it is registered to her, it would be advisable that the insurance policy is in her name with you as a named driver
section 3.9 of the statement of affairs covers that point
regards Richard
Melanie.n
Posted - 25 February 2010 : 13:07:05 It is quite common for someone to have use of a family members vehicle, just clearly state on the form when completeing that you have use of a vehicle owned by a family member but that you pay the running costs, and then claim your monthly petrol, tax, insurance and maintenance costs (£25)
Hope this helps
Melanie Nicholas 29 years insolvency experience - 23 of which in the Insolvency Service - Insolvency Manager Jones Giles email me at melanienicholas@jonesgiles.co.uk
