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beth.ll
Starting Member
3 Posts |
 Posted - 07 January 2010 : 15:02:37
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| i would like to go bankrupt myslef, but my husband has a car on hire purchase, will the court take the car off us, It is worth £8000 |
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debtinfo
forum expert
2826 Posts |
Posted - 07 January 2010 : 15:05:57
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| If it is only you going bankrupt, and it is his asset, it will not be part of the bankruptcy proceedings, is the car registered in his name and is the finance in his name |
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Richard P
Senior Member
United Kingdom
1701 Posts |
Posted - 07 January 2010 : 16:16:45
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Hi Debt info
just be mindfull about the car insurance ( I know my favourite subject),
My Wife went BR 6 months prior to me going BR in the inbetween time the Insurance company found out that my policy had my wife as a named driver and cancelled the policy, they have since apologised and stated it was an error but they have a non BR friendly policy ( I would hate to name them again but a place in Norfolk just sold out to a bigger ins. co. and make silly TV adverts).
Beth I have posted a reply on your other listing same question thou
regards Richard |
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Skippy
forum expert
United Kingdom
3290 Posts |
Posted - 07 January 2010 : 20:05:01
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Debtinfo is correct, if the car is in your husband's name and he pays the finance, the OR will have no interest in the vehicle.
Tomorrow is a mystery, yesterday is history, today is the present, a gift to make the most of.
View my blog at http://skippy13.blogs.bankruptcyhelp.org.uk/
30 IPA payments made, 6 to go - the end is in sight! |
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i would like to go bankrupt myself
