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Changing cars
Poodle34
Posts: 95 Forumite
Hi,
We went bankrupt on 2nd July. Can I put our existing car in my husbands name - OR has no interest in this car and can I get a runaround in a couple of months time?
Regards,
Poodle
We went bankrupt on 2nd July. Can I put our existing car in my husbands name - OR has no interest in this car and can I get a runaround in a couple of months time?
Regards,
Poodle
0
Comments
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Have you had letter from OR to confirm no interest in the car? I'd be tempted to wait until you received that, then you can do whatever you wish to with the car.0
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If you can keep the car why would you want to put it in OH's name? Wouldn't that lower the value a bit when you want to sell it as it would then have 1 more previous owner?
:j :j
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fiveyearplan wrote: »If you can keep the car why would you want to put it in OH's name? Wouldn't that lower the value a bit when you want to sell it as it would then have 1 more previous owner?
same surname/address, so just "family car"
anyway, do we REALLY believe car dealers double-talk now?0 -
As it is an auto and my husband only drives an auto so I would have thought it would be cheaper for me try and get a manual runaround and then my husband drive the auto. Do I need to ask the OR permission to get a runaround?0
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The OR will not tell you what to do with your own share of your surplusHi, im Debtinfo, i am an ex insolvency examiner and over the years have personally dealt with thousands of bankruptcy cases.
Please note that any views i put forth are not those of my former employer The Insolvency Service and do not constitute professional advice, you should always seek professional advice before entering insolvency proceedings.0 -
Once you are br and your car has been made exempt, then what you do with your car is up to you. But there seems no logic in signing your car over to your OH and buying a new one - why doesn't he just buy a new one, you drive it and he drive yours? Why change the name at all??
Get free advice before embarking on bankruptcy: CCCS 0800 138 1111 National Debtline 0808 808 4000
Business Debt Line 0800 197 6026 CAB Insolvency Service- 0845 602 9848"He who laughs last didn't get it!" :rotfl:BSC 134
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Can he be a registered keeper of a manual car though when he only has an auto licence?0
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