Register and insure car in someone else's name???

manorpaul

Can anyone tell me if or how you can manage to 'hide' a vehicle from the OR? I am self employed and have a van which I need as my job as I work alone and all over the place all over the country, so I would like to think the OR will allow me to keep it, it is the only vehicle in the household as well.
I have recently had a small cheque come in (£2500) from an injury payout. I was wondering if I would be able (before I go BR) to buy a car I desperately want, would I be able to register it in a friends name and some how insure without the OR seeing it? I have seen many comments on here where people have said that a car has been given as a present, so offically belongs 'financially' to someone else, what would happen if I were to pay for the insurance a year upfront, so the money has gone, too late to get it back? Any ideas?

confused76

you will not be able to hide a vehicle you own from the OR, no way. depending how much the van is worth you may be able to keep it, as it is a tool of your trade.

please seek advice from one of the debt charities such as the cccs, national debtline or the cab.

do not do what you are suggesting with the payout. if you try to hide assets the OR will come down on you like a ton of bricks and will place further br restrictions on you

please seek advice from one of the debt charities urgently

curly04

I agreed with confused - big no no!

but BR aside I work in car insurance for all most 10 years- this is fraud and if there is a accident or claim - NO PAYOUT WILL BE MADE as your "friend" has no insurable interest in the vehicle.

milothewestie

manorpaul wrote: »

Can anyone tell me if or how you can manage to 'hide' a vehicle from the OR? I am self employed and have a van which I need as my job as I work alone and all over the place all over the country, so I would like to think the OR will allow me to keep it, it is the only vehicle in the household as well.
I have recently had a small cheque come in (£2500) from an injury payout. I was wondering if I would be able (before I go BR) to buy a car I desperately want, would I be able to register it in a friends name and some how insure without the OR seeing it? I have seen many comments on here where people have said that a car has been given as a present, so offically belongs 'financially' to someone else, what would happen if I were to pay for the insurance a year upfront, so the money has gone, too late to get it back? Any ideas?

if its personnel injury the o/r will not have an interest in the money,although you should mention it to them, unless there are wages in the claim in which case then they would claim that part of the money,as you say your not bankrupt yet you can do what you want with the money its yours to spend how you want too,could you not put the car in your partner or close relatives name and then be a named driver,although they should be shown purchasing the vehicle for when if you go bankrupt if the cars not urs it wont be taken,although you will have to say were you spent the money thats up to you and how you do that,good luck anyway on your decision wether to go down the bankruptcy route or not:)

debtinfo

milothewestie wrote: »

if its personnel injury the o/r will not have an interest in the money,although you should mention it to them, unless there are wages in the claim in which case then they would claim that part of the money,as you say your not bankrupt yet you can do what you want with the money its yours to spend how you want too,could you not put the car in your partner or close relatives name and then be a named driver,although they should be shown purchasing the vehicle for when if you go bankrupt if the cars not urs it wont be taken,although you will have to say were you spent the money thats up to you and how you do that,good luck anyway on your decision wether to go down the bankruptcy route or not:)

Not really, and we should not be encouraging people to do this sort of thing, the money is to help the person receiving it have help or comfort for their injuries, it is quite right that the OR will not tough the money in those circumstances. If you instead use the money to buy an asset then the asset you have bought becomes fair game and is treated as all other assets. The same if you give the money away the OR will try and recover it. IE you cant do waht you want as suggested what you can do is use it sensibly for the purpose it was intended for and why you received a payout for injury

dojoman

Do not try and hide anything from the OR, they will find out and then you will be in a shitload of trouble. This site is here to help people through BR, not to help people hide things from the OR.

milothewestie

debtinfo wrote: »

Not really, and we should not be encouraging people to do this sort of thing, the money is to help the person receiving it have help or comfort for their injuries, it is quite right that the OR will not tough the money in those circumstances. If you instead use the money to buy an asset then the asset you have bought becomes fair game and is treated as all other assets. The same if you give the money away the OR will try and recover it. IE you cant do waht you want as suggested what you can do is use it sensibly for the purpose it was intended for and why you received a payout for injury

they asked a question i answered it best i could whether they want to do the right or wrong thing is obviously again a personnel choice at no point have i encouraged them to do anything have i,i just answered the question

JCS1

How would you explain the money going in to your bank account and then going out again to the OR? Don't say what it was used for, and you risk a BRO for failure to account and also non-coperation (and this non-coperation could lead to your discharge from bankrupcy being suspended).

dojoman

milothewestie wrote: »

they asked a question i answered it best i could whether they want to do the right or wrong thing is obviously again a personnel choice at no point have i encouraged them to do anything have i,i just answered the question

It is not about a personal choice, it is about doing something illegal, choice should not come in to it.