due to go BR, mum buying me car for work?

movingforward2010

Broken_hearted wrote: »

Therein lies the whole arguement.

i must say you've done nothing to assist yet try and upset me .

thanks!

Broken_hearted

peachyprice wrote: »

You can pay your mum.

Does the HP car definitley have to go back once you're BR?

Can you show me where it says an undischarged bankrupt can take on 3k worth of debt. I would be fascinated to see it.

movingforward2010

peachyprice wrote: »

You can pay your mum.

Does the HP car definitley have to go back once you're BR?

yes it says in the contract , ive rand stantander and they said it will be collected in 10 days!

all i want is a relable car to get to work in not some £30k Audi or something but 'Broken hearted' seems to think im on the fiddle:rolleyes:

im still confused by the whole situation and none the wiser

movingforward2010

Broken_hearted wrote: »

While you have only shown why so many people get pee'd of with bankrupts.

why?

so if my mum buys a car for me there is no problem! u have already said your dad 'gave' you a car, well my mum is giving me a car to use for work

peachyprice

Broken_hearted wrote: »

Can you show me where it says an undischarged bankrupt can take on 3k worth of debt. I would be fascinated to see it.

From the Insolvency Service website

When a bankruptcy order has been made, you must:

• not obtain credit of £500 or more from any person without first disclosing the fact that you are bankrupt;

Is that good enough for you?

movingforward2010

perhaps i should just leave work cause i cant get there without a car and go on benefits, seems to be preferred choice at the moment, seeing as i actually work in the jobcentre it wouldnt take long!

fermi

Or..................

http://www.insolvency.gov.uk/freedomofinformation/technical/TechnicalManual/Ch25-36/Chapter25/part1/part1.htm

Obtaining credit whilst undischarged from bankruptcy

If a person subject to a bankruptcy order wishes to obtain credit to the extent of the prescribed amount or more, either alone or jointly with another person, he/she must disclose the fact of his/her bankruptcy (or that his/her estate has been sequestrated in Scotland) to the person from whom he/she seeks to obtain credit [Note 1].The prescribed limit is currently £500 and failure to disclose the fact of his/her bankruptcy will render the bankrupt guilty of an offence. The official receiver should note that, although credit might have been incurred contrary to the law, it is still a valid post-bankruptcy debt for which the bankrupt remains liable.

The £500 limit is a single transaction with one lender, but once the bankrupt has reached or exceeded that £500 limit with one lender and “triggered” the offence, then any other amounts borrowed (i.e. the total debt accumulated by the bankrupt) would need to be taken in to account. For example, if the undischarged bankrupt never borrowed more than £499 from the same lender, he/she would not trigger the offence, but as soon as the credit obtained from one lender reaches £500 or greater (which may comprise accumulated unpaid smaller amounts from the same lender), then all other credit transactions obtained from any lender by the undischarged bankrupt, would be taken in to account in any action taken against the bankrupt, even if in themselves, these other amounts are less than £500.

Obtaining credit is specifically stated to include cases when goods are bailed under hire-purchase agreements and conditional sale agreements and also to include payment made to the bankrupt in advance for the supply of goods or services [Note 2].

carlita

Broken_hearted wrote: »

A good mum wouldn't have put you in the situation to start with. When my dad gave me our car he gave it to me outright so its in my name and not a problem.

oh do shut up !!!!! some people don't have money to hand over cars that doesn't make them a bad mum !!!!

to the Op you can have as much debt as you like when BR as long as the person giving you the credit knows you are BR which your mum obviously does. Nothing illegal there and you can pay her £25 a month towards it.

You will have to wait till after you are made BR because if it happens before the BR date you would need to include the 3k in the BR ~ I hope that makes sense.

when you go BR your HP car will be on your SOA ~ I'm guessing you know that as long as your up to date with your car payments the OR might be ok with you keeping it as its HP and not a loan < I can't really give indepth advice about this is I'm not totally sure how it works but I'm sure someone will be along so and could advise if this is something you would like to consider>

movingforward2010

and btw Broken hearted a simple no would of surficed instead of getting on your high horse , just because your haveing a !!!!!! day doesnt mean you can take it out on other people!

peachyprice

Just put the running costs on your SoA, as you know the car is going back.
Once it has gone back you then use those costs to run the car your mum is kindly buying for you to use.