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 if i go bankrupt and a friend bought me something
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trinalol
Starting Member



1 Posts

Posted - 09 October 2009 :  16:42:57  Show Profile  Visit trinalol's Homepage  Reply with Quote
if i go bankrupt and a friend bought me something say a car worth 1000 would i be able to keep it

chester2005
Average Member



United Kingdom
786 Posts

Posted - 09 October 2009 :  20:01:58  Show Profile  Reply with Quote
Hi and welcome to the forum
if a friend bought a car for you to use whilst you are BR as long as there is a receipt for the car in the name of your friend and preferably proof of how it was paid for ie. statements, cash withdrawl. then there should be no problem, even if the car is registered in your name on the log book.
When the OR checks with DVLA he may raise the fact of the car but it may be more wise to mention it beforehand to the OR and then it would be less likely to become a problem


Dave

Don't worry or know that worrying is as effective as trying to solve an algebra equation by chewing bubble gum.(Baz Lurman)
RevivaUK helped me through it all i can@t recommend them enough!!
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Jane.l
Average Member

511 Posts

Posted - 10 October 2009 :  11:24:30  Show Profile  Reply with Quote
Would you be paying for the running costs of the car? tax, mot, petrol, maintenance, etc

The OR may not allow these costs if you are close to an IPA
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