My husband and I were declared Bankrupt on 19th March. We currently have use of my sons car but it is in my husbands name for insurance purposes. My son is out of the country and the OR has asked us for proof that the car is my son's. My son has no copies of any receipts... what will happen to the car?
Does your son have anything that proves he paid for the car i.e. bank statements, CC statements, etc?
If you can't prove that the car is your son's then it will be treated as part of your BR. If it is worth more than £2k it will be sold unless you can pay the difference in value. If the OR deems you need a car for travel to/from work then if they sell the car they will let you buy another one up to £2k.
Unfortunately my son has no paperwork. He got rid of his paperwork before he emigrated. Both my husband and I declared bankruptcy together.I have a motorbike which we both use. Will it be classed as having a vehicle so we do not need the car?
My husband and I were declared Bankrupt 19th March
Posted - 23 March 2010 : 11:39:53
