I am declared bankrupt 5/10/09 self employed & can carry on trading. But have 2 vehicles. I am registered keeper of both.(but not owner)
The van is my workshop, has no MOT but will if allowed to keep it. Without van I cannot repair the parts I service. When back on the road it will allow access to jobs that cannot come to me & require me to attend with many tools that only the van can carry.
The motorcycle takes parts to & from customers, takes child to school some days, to my mothers to help with shopping/cleaning. It saves fortune in time & fuel against the van. It is my only method to get to my part time Night job. (no busses at 2am, taxi to expensive)
My wife paid for both vehicles last year on the pretence that i can use them unconditionally & I will purchase them from her in the future.
For the van my wife’s bank statement shows the cost of purchase being taken out 4 lots of £300 cash machine consecutively (£1200 cost of van)There is no receipt for this vehicle to prove she owns it. But the reg document date of purchase is about right.
For the motorcycle 2 consecutive lots of £300 show from cash machine 15 days prior to the reg doc date, however we have receipt for purchase from previous owner dated 1day after cash withdrawals & it names wife as the purchaser of vehicle & has sellers detail including the amount of the sale which was £500. (wife withdrew £600 but negotiated the price to £500)
My wife has vehicle also value about £900 used for her work which includes traveling to different towns. I have occasional use of this vehicle but its governed by her needs & could not replace van or motorcycle. Wife is not part of bankruptcy
I read in O.R.tech manual that a reg doc is not proof of ownership & vehicle owned by other than bankrupted should be excluded property.
Do I stand chance of keeping both? Thanks in advance. Tony..
following our conversation I still believe that the van is at risk if you are unable to proove that your wife purchased it. Especially as the van is off the road.
i woulod suggest that you prepare as much supporting information about the purchase of the vehicles and see how lenient the OR will be
I am declared bankrupt 5/10/09 self employed
Posted - 07 October 2009 : 18:01:09
