Can my Dad buy my car

LOUISE22_2

Hello there, I went BK on the 19th November 2008. I have not heard anything from the OR as yet. I have a car with Ford finance from 4 years ago when I bought a car for 5000. I have paid 3000 in monthly payments in total but not paid anything from Oct, when I booked in for BK. Ford passed the debt onto a debt collection company and they wrote to me this week to say that there is a court date set for the 20th Feb to get possession of the car, as there is 2400 outstanding on the agreement. I was talking to my Dad the other night and he is worried about me not having a car to get to work etc and said, could he pay the 2400 off and transfer the car into his name, and then let me use it to get to work with. I also used the car to drive him about at the weekends etc, so we both need the car. I looked on the parkers guide to see how much the car is worth, and funnily enough it came up with £2400! I dont know whether Dad can pay the debt off and take the car, or whether the Official Reciever would be angry at this. What do you reckon? I know I could ring and ask, but to be honest I cant bring myself to talk to the OR. Thank you for any advice you can give. Ps - if its any relevance, the OR would be able to see i need a car to get to work as there is no bus or train route (well there is but i will have to walk half hour). Thanks x

peachyprice

What did the OR say about the car when you had your interview?
If they haven't taken it as an asset, which if it's on HP they wouldn't, it's for you to sort out with the finance company, and nothing to do with the OR.

maxmycardagain

ask ford for a settlement figure

dont hand over any money till the OR agrees

LOUISE22_2

Well thats the thing, i dont seem to have had an interview. I spoke to a lady on the phone at the court who asked a few questions, i told her about the car she didnt say anything and she asked about bank account etc, and said someone would write to me in 2 weeks, I am yet to hear anything. No one has rang and no one has wrote. The only thing i have had is of the council to say i didnt owe any more council tax due to the BK. apart from that nothing. At the moment the car isnt an assest as i owe money on it. But if Dad pays the finance its then an assest, but if he puts it inhis name would the OR see it as getting rid of an assest? thanks for your response i appreciate it!

peachyprice

If your dad could take over the monthly payments, and perhaps a bit more to apease the HP co. it wouldn't be paid off before you're discharged, so still not an asset

Or your dad could buy it when the HP co sends it to auction, HP companies are sometimes quite helpful in telling you where and when it's being sold. he could even try buying it from them once they've repossessed it.

LOUISE22_2

I rang the finance comp and they said they wanted the full amount, so dont think they would agree to payments. ooooh i guess i am going to have to stop being a chicken and contact the OR. thanks for your help though. x