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 Will this car be outside the bankruptcy exempt ?
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Starting Member

2 Posts

Posted - 07 January 2016 :  07:21:03  Show Profile  Visit Stephen.70's Homepage  Reply with Quote
My father bought a car and has ownership and proof of purchase. He allows me to use it, for commuting to work and taking my daughter to school. I have no public transport links where I live. He paid approx £8000 for the car. If I go bankrupt will this be outside my bankruptcy exempt?


United Kingdom
4590 Posts

Posted - 07 January 2016 :  09:03:49  Show Profile  Reply with Quote
Hi and welcome,

If the car belongs to your father and you have the proof then there will be no problem - you can drive it.

The friend in my adversity I shall always cherish most. I can better trust those who helped to relieve the gloom of my dark hours than those who are so ready to enjoy with me the sunshine of my prosperity. – Ulysses S. Grant

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forum expert

United Kingdom
2211 Posts

Posted - 07 January 2016 :  09:07:44  Show Profile  Reply with Quote
Hi, as Niobe has said, if you're just using your father's car then that's fine and won't be affected.

Viki Warbrooke
Vincent Bond & Co
If you would like free advice on all options available and help with your bankruptcy petition please contact me at http://www.vincentbond.com/about_us_Viki_Warbrooke.asp
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