| T O P I C R E V I E W |
| bonechild |
Posted - 23 March 2011 : 09:07:54
Hi to the experts
please can i have some advice on the following points
1. I have a PC at home and also a laptop. Will I be made to give up one of them? Will one be counted as an asset that needs to be sold off?
2. I have been advised by some people who have gone through BR to tranfer the ownership of my car to my husband before i file BR (and I've seen it mentioned on a post here on the forum)or at least have a receipt which shows that he bought it even if I am the registered keeper. I was registered as keeper as it was easier for the insurance. I am a bit worried that the OR will see this as a bit dodgy. PLease can you advise on this
3. My business was as a therapist and I had a therapy couch which i sold privately back in Oct 2010 in order to pay bills and keep the business going. I borrowed a couch from a therapist friend in the meantime so when I shut the business there were very few assets that were actually mine. It was sold for a fair price but I dont have any documents regarding this as it was a private sale. How do I deal with this?
4. Can an asset be sold to pay for BR fees?
I've been getting all sorts of conflicting advice, especially about the car, which will be worth about 3k probably, and I'm a bit worried. |
| 10 L A T E S T R E P L I E S (Newest First) |
| bonechild |
Posted - 26 March 2011 : 10:12:46
Thats the thing
as i said before, it was bought from a private seller and we only have a hand written receipt from the vendor |
| debtinfo |
Posted - 26 March 2011 : 09:53:01
who did you buy the car from, if it was a garage, they would have the receipt |
| bonechild |
Posted - 26 March 2011 : 09:34:32
Hiya Viki
I used to use the car about 3 years ago. however in 2009 i became self employed and was able to walk to work ( although i sometimes have to catch the bus halfway, it is a mile into town, but i have a mobility problem for which i have a blue badge parking permit and sometime i cannot walk that far)
the car then was used by my husband and i at weekends. it has been off the road now for just over a year because it has a gearbox problem which will cost £900 to fix.
sorry about the waffle. Basically, he has been the main user since 2009 but if i need to look for employment, which i intend to in the future, i would use it to look for and go to work.
Also, i guess that as i have mobility problems this may have a bearing.
But he actually bought the car. How can we prove this as he paid in cash.
I guess my main query is
If money is withdrawn from a joint bank account and used to buy something by one person can they be seen as the sole owner?
he was the only person paying into the account and the bank statements will prove that. |
| Viki.W |
Posted - 26 March 2011 : 09:13:53
Hi bonechild,
Do you use this car, or your husband?
What is the main use of the car?
Viki Warbrooke
Vincent Bond & Co
If you would like free advice on all options available and help with your bankruptcy petition please contact me at http://www.vincentbond.com/about_us_Viki_Warbrooke.asp
Please read my experience of debt via my blog at http://vikiw.blogs.iva.co.uk/ |
| bonechild |
Posted - 25 March 2011 : 14:37:40
does anyone know how i would prove my husband bought the car. would it be enough that only he was paying into the joint bank account that the cash came out of?? |
| Niobe |
Posted - 25 March 2011 : 12:24:22
I'm not sure about this but it does state that the registered keeper is not necessarily the legal owner.
Hopefully one of the professionals can help with this.
Double, double toil and trouble;
Fire burn, and cauldron bubble.
Jan
xx |
| bonechild |
Posted - 25 March 2011 : 09:42:58
Hi All
I just wanted to bump this up and ask the following question again
and fingers crossed please please can someone give me some help on it?
i am the registered keeper of a car. the money to buy the car was taken out of a joint account in cash to pay the private vendor. the only money going into that account each month was from my husband as i wasn't working (i was a student) so he actually purchased the car. it was going to be insured in my name because i had a NCD (no claims discount) to transfer to it and because of this we registered it in my name. This made it easier and cheaper to get the insurance (i used to work for the insurance company and i knew that you could insure a car that wasn't registered to you but the premium would be loaded. Dunno if all companies did this but tis one was good at insuring imported cars so we went with them)
so, if i can prove that although it was a joint account only my husband paid into it and therefore he purchased the car that he is the owner?
will it be assumed that as i am the registered keeper and it was a joint account that the money came out of, that the car is mine?
how can i prove it is his? |
| bonechild |
Posted - 23 March 2011 : 20:41:18
Cheers
tHANKS for your reply. I keep being told about transferring the car to hubby and its really wearing me down because people keep on going on and on about it and i just thought it was the wrong thing to do.
Problem is when you are already upset and worried and people are wearing you down you begin to doubt yourself.
the money to buy the car was taken out of our joint account in cash. I wasn't working at the time so i wasnt putting any money into the account. the only proof of ownership we have is a hand written bill of sale from the previous owner because it was bought from a private seller. even if it says my hubbys name on it will this be enough for proof of ownership?
help from anyone is very welcome but an expert opinion would be great |
| Skippy |
Posted - 23 March 2011 : 19:57:37
I'll try and answer your questions in order:
1. Unless you've just bought your laptop and PC and they are worth a lot of money then they will be safe.
2. I wouldn't recommend transferring the car to your husband as the OR can (and will) check back with the DVLA. If your husband genuinely paid for the car and you can prove this then he will be classed as the owner of the car.
3. I'm not sure about this one, hopefully one of the professional experts will be able to help.
4. You can sell an asset to pay BR fees. However, it must be sold at the correct value and any extra money must be put aside for your BR estate.
View my blog at http://skippy13.blogs.iva.co.uk/
Only when the last tree has died, the last river has been poisoned and the last fish has been caught will we realise that we cannot eat money.
Last IPA payment made on 28th June 2010 - it's over at last! |
| bonechild |
Posted - 23 March 2011 : 18:22:22
hi all
i just wanted to bump this up to see if i could get any answers |
