my sister has a car on finance and is thinking of declaring bankruptcy. However she got the car for me, i am the only named driver on the insurance and the registered owner. i pay my sister for the car but the finance is in her name and is paid from her bank account. What will happen if she goes bankrupt?
If it's HP, the HP company will more than likely terminate the agreement once she's bankrupt and reposses the vehicle.
She could speak to the company and ask if it can be transferred over to you. Was it in your sister's name because you would have failed the credit check?
What will happen to 'my' car if my sister declares bankruptcy
Posted - 02 May 2012 : 23:53:34
