Can You Help (bankruptcy)

revmr2

hi there i am just about to fill in the forms and was thinking what can they take i have recently put my car in to my girlfriends name as i have a van which i am going to sell as we need money to live will they question me about that its only a cheep pug 306.

next my girlfriend has payed for most of the stuff in the flat can they take that the most important thing is our baby's stuff thanks Paul

peachyprice

Hi Paul,
You shouldn't have changed the car to your girlfriends name, you have disposed of an asset, the OR will not be happy at all. If you needed the car for work you would most likely have been able to keep it. When you sell the van the OR will ask you what you have done with the money, make sure it's used for essential stuff only.

The OR will take nothing from your house, ever. Unless it's full of expensive antiques. You don't put any of your household stuff on your forms.

lisamummytoarchieplusbump

yes peachys right about swopping the car to your girlfriends name they will see it as disposing of assets and you do have to put it on the form. as i had to put my previous car and got asked why i sold it and what i did with the money.

so even if you say you sold it to her as you needed the money you will have to account with what you did with the money from the sale so if it was worth alot you will have to explain and if you sold it for far less than its worth the OR can sometimes snatch it back

revmr2

hi there thanks for that i have not yet changed the car so thanks OK will they take it .

lisamummytoarchieplusbump

do you use it for work??

example
my car is only worth £300 but because i dont use it for work they are taking it even though my nan is a dependant

but then others have been allowed to keep it so depends on the OR

fiveyearplan

There is nothing definite regarding cars - its one of those things you can't guess, just have to wait and see. Do you need it for work?

revmr2

thanks for that no i have a van for work but my girl friend needs the car i have a little baby or will that not matter

revmr2

hi i need money could i sell my car and i will have to use the money for rent what would they say about that

lisamummytoarchieplusbump

revmr2 wrote: »

thanks for that no i have a van for work but my girl friend needs the car i have a little baby or will that not matter

as i said in earlier post i have 2 kids and transport my elderly nan to hospital appointments and they still wont let me have it

and selling the car it depends how much it was worth whever you sold it less than its worth. if its a few hundred then not to worry but if its a few thousand and your saying its only for rent it may get questioned

raven31

We were allowed to keep our car. They did ask us a lot of questions about it but at the end of the day the OR said it would cost them more than the car was worth for them to come and take it so it was exempt. We would be lucky if we got £500 for it so they had no interest after we explained we needed it for work and taking the kids to school as we are fairly rural.