I separated from my husband last year and we had two cars which are both registered in his name (and have been since they were bought in 2006). I still have the use of one of them but he still pays the insurance. When we split, we decided not to put 'my' car in my name as I knew that I was going to go bankrupt and did not want it to be an asset (it's worth about £4,000). Anyway I am finally going to file for bankruptcy next week and my ex was going to sign the car over to me after that, can we do that? He also intends to go bankrupt in the next few months so we are assuming that if he signs the car over to me, it will be illegally disposing of assets?? If he does not then he will have two cars as assets and will definitely have to give one to the OR or can he say that I need it (as I do for travelling to work and the school run). Any advice on how to handle this please??
You need ti check your insurance crefuly becaue it could well be invalidated if he is no longer living at the same sddress as him. I had a similar situation & was driving around tecnically uninsured for almost a year!!!
Cars!!
Posted - 07 March 2009 : 19:03:44
