hi considering bankruptcy....problem is I got rid of my car and have been driving my sisters car although its her second car so she has registered it in my name so i could tax insure it etc,,, the car is worth 8k what will happen with this? don't want to go bankrupt then they take her car!
Just because a car is registered to someone does not make them the legal owner.
If you explain your position to your examiner and make sure you put on the statement of affairs form 6.28 that you don't own a vehicle, but are using one that does not belong to you.
If your sister can dig out any eviedence that the car is hers this will support what you are saying.
i.e. a purchase receipt for the vehicle, any finance contracts she may or may have had.
don't want to go bankrupt then sister's car taken
Posted - 20 March 2008 : 18:27:44
