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?
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.
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My wife's grandfather bought us a car. Is it likely to be seized as an asset ?
Posted - 26 April 2012 : 17:40:18
