Bankruptcy car question please

BobQ

Interesting debate about the OPs circumstances (quite why Rochdale_Guy cannot create his own thread on his own problem I do not understand - its quite rude really!)

I own a car which I allow a relative to use. I have never sold it to her and she is the registered keeper. The DLVA assured me that just because I was letting her use the car on a full time basis the correct thing to do was to register it at her address, but also said that I was still the owner unless I actually sell it. My friend pays for the running costs and servicing.

I cannot see how the OP have a car they do not own included in bankruptcy proceedings. This would be like repossing a house from the owner because of the debts of the tenant. If your mil owns the car and can prove it then its not the OR's business whether mil has a loan on it. The OP does however need to be clear that they are not paying off a loan, just contributing to the running costs in return for being allowed to use it.

Edit: The key issue is what the purchase paperwork says. If the car was bought in mil's name and the OP's husband handed over the deposit on the day, or bought the car in her name with her money that is the end of it.

PippaGirl_2

Agree with your edit Bob and I think that will be the final call. I think what was also important is that although the mother had taken out a loan for the car, the payments were made by the potential BR and users of the vehicle which to all intents and purposes mean they are buying and paying for the car.

Mouse1812

Beneficial and legal ownership are not always the same. When they are split you have a trust. Property held in trust for another party does not form part of your estate.

There is sufficient evidence pointing to the existence of a trust even if the purchase invoice is in the husband’s name. The OP said so, even if she did not fully understand the implication of her posts. I would not give up without a fight.

When the IP and OR both ignored me over my wife’s shares she escalated matters and won

Rochdale_Guy

BobQ wrote: »

Interesting debate about the OPs circumstances (quite why Rochdale_Guy cannot create his own thread on his own problem I do not understand - its quite rude really!)

Oh, sorry BobQ - I have now started my own thread....

https://forums.moneysavingexpert.com/discussion/4021979

.....please can anyone responding to MY questions in this thread please repost them in my own thread?

Thanks.

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