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Quick Advice RE Car please...
mrsfruit
Posts: 15 Forumite
Hi all,
I am on the edge of declaring myself bankrupt and just have another quick question -
Following my husbands bankruptcy his parents have lent us a car (owned and insured by them but runnng and maintenance paid by us)
Do i need to declare this to the official receiver and if so will they have a claim on the car - I dont really want the inlaws to lose out on this!!
Thanks in advance for your help
Mrs Fruit.
I am on the edge of declaring myself bankrupt and just have another quick question -
Following my husbands bankruptcy his parents have lent us a car (owned and insured by them but runnng and maintenance paid by us)
Do i need to declare this to the official receiver and if so will they have a claim on the car - I dont really want the inlaws to lose out on this!!
Thanks in advance for your help
Mrs Fruit.
0
Comments
-
If you drive it and are on the insurance then yes you need to mention that you have use of a car. Its so that you can account for your share of the running costs in your SOA.
The OR is not able to take a car from you that does not belong to you.
If you do not drive it at all and you are not on the insurance then it doesn't matter one iota.0
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