Note: You must be registered in order to post a reply. To register, click here. Registration is FREE!
T O P I C R E V I E W
Tom.ck
Posted - 26 April 2012 : 17:40:18 My wife's grandfather bought us a car valued at £1900 in January this year. My wife is the registered keeper, however it was given to us with the understanding that when we could pay for the vehicle we would. Is it likely to be seized as an asset?
2 L A T E S T R E P L I E S (Newest First)
Melanie.n
Posted - 27 April 2012 : 08:19:53 Hello there
as a precaution I would get your wife's grandfather to write a letter stating that he purchased the vehicle for her use, to enable her to work etc. If that was the case and he was prepared to put it in writing I do not forsee any dificulty, the OR's staff are not monsters and can be quite understanding
Hope this helps, Melanie
Melanie Nicholas CertDR 30+years insolvency experience - 23 of which in the Insolvency Service and the past 8 years with a number of IP firms.
If I can be of any help to you in any way or answer any queries, concerns or worries you may have, or with completing the forms for bankruptcy, please do not hesitate to get in touch -I can be contacted via the experts tab
Viki.W
Posted - 26 April 2012 : 17:56:18 Hi Tom,
It may be at risk if you declare bankruptcy. Does your wife use this for work purposes?
I suggest you speak to an expert on here for debt advice and to chat everything through to see what your options are.
