Keeping cars.

notsurewherenext

Hi again,

So far you've all been great. Basically we've got 2 cars one which is a 7 seater for family trips of which my OH paid £900 for on her credit card she also is going to go BR and me I've got car which I bought on finance which is worth around £1500 now. My question is we basically purchased the car for our son who has Aspergers and we moved up north away from his friends so needed a reliable car at the time so he wouldn't be left out and if anyone knows Aspergers they don't make friends easy hence the car for when he asked to take him back down south.

Anyway we used his money which I think his now PIP to fund that vehicle so I'm just wondering if we'd be able to still keep the car or will the OR have that? Thank you once again.

egrescrimp

I can't really comment on whether you'd be allowed to keep both cars, but something to keep in mind is that the valuation you have now probably won't match what the OR's valuer says.

When I went bankrupt our family car according to parkers was worth £1,400, the OR had their valuer come and check our car and it was valued at just over £500 and we bought it back from the OR.

alastairq

Since you are both petitioning BR, each can be dealt with separately.

Your OH's people carrier is her asset alone. Your OH would need to provide evidence that her car should be exempted as an asset in her bankruptcy. See the stickies at the top for examples of evidence?

With your car, you might be able to show it was funded entirely by your son's PIP, therefore technically it isn't your asset..its his.

Certainly emphasise when seeking to have your car exempted as an asset, the fact of your son's disability.....and his needs....

A dependant child with a disability is an important lever, which should be used to the full. It is not the OR's job to see the children disadvantaged by the parents' bankruptcies.

I post from experience, having a son on the autistic spectrum too......the OR's office will be quite supportive.