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Newly bankrupt

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Comments

  • advise-wanted
    advise-wanted Posts: 14 Forumite
    Thank you for that!

    Another question husband has a work Van, he needs to be able to do his job. valued at £3200, his father bought van for him about 6 months ago and we still owe his dad £3000, which is dad is totally understanding and said pay him when we can but not looking likely for a few years, but in theory we don't own vehicle until paid?

    would this be exempt or would the OR be looking at taking this ??
  • tigerfeet2006
    tigerfeet2006 Posts: 14,030 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Did his dad give him the money and did it go into his bank account? Or did his dad pay for it from his account?
    BSCno.87
    The only stupid question is an unasked one
    Loving life as a Kernow Hippy
  • advise-wanted
    advise-wanted Posts: 14 Forumite
    tigerfeet2006 wrote: »
    Did his dad give him the money and did it go into his bank account? Or did his dad pay for it from his account?

    His dad gave him the cash to buy as was from a private seller.
  • philnicandevan
    philnicandevan Posts: 667 Forumite
    Tenth Anniversary 500 Posts Name Dropper Photogenic
    can dad provide bank statement etc to show the cash came from his account??
    Not quite a newbie as you think ;);) (the member formally known as philnicandamy!)

    FINALLY a qualified CAB debt caseworker 2015..:p
    BSC 58 :D
  • advise-wanted
    advise-wanted Posts: 14 Forumite
    Just an update, had our meeting with OR, i neither had worried, it went really well OR was understanding, and agreed our figures so no payments deductions.

    Husbands van is excluded as father in laws, so far i am atually happy we went BR and it was definatly the best decision!
  • fermi
    fermi Posts: 40,542 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker Rampant Recycler
    Good news. :) Thanks for the update.
    Free/impartial debt advice: National Debtline | StepChange Debt Charity | Find your local CAB

    IVA & fee charging DMP companies: Profits from misery, motivated ONLY by greed
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