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Assets - Should I include this?
umgeni
Posts: 63 Forumite
I've been going through the form and I have a car which is worth less than £1000 (an essential), I also have a motorbike which is in bits in the garage. The engine doesn't run and it's worth less than £200. (It's currently SORN and I've never had it on the road since owning it).
Should I declare that on the form?
Should I declare that on the form?
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IVA & fee charging DMP companies: Profits from misery, motivated ONLY by greed0 -
When the OR checks with DVLA they will see it's registered to you, better to declare and tell them it's in pieces than for the OR to find out and think you're hiding an asset.Accept your past without regret, handle your present with confidence and face your future without fear0
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peachyprice wrote: »When the OR checks with DVLA they will see it's registered to you, better to declare and tell them it's in pieces than for the OR to find out and think you're hiding an asset.
Thanks for that, I wondered if they'd check the DVLA.0 -
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If car is registered to sommeone else but insured for you to drive will OR smell a rat. Just thinking out loud. Is there an insurance register they can check similar to DVLA.0
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remember they can check if you have ever owned a vehicle not just if you currently own itHi, 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 -
through the DVLA, not an insurance register.?0
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through the DVLAHi, 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
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