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Receiving a gift (car) and bankruptcy Help!

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Comments

  • fatbelly
    fatbelly Posts: 23,046 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Cashback Cashier
    I think that's the story to stick to. You have the use of a car you do not own. Your aunt needs to know that  the OR may want to contact her to confirm the story and she mustn't say that she gave it to you as a gift.
  • lee19855
    lee19855 Posts: 11 Forumite
    Third Anniversary Name Dropper First Post
    This is 100% no issue.
    Don’t mention it to OR because a) it’ll complicate things and bring your family into it and b) it’s not your car.

    Family member has receipt of car. This is 100% provable legally that it is thus her car and under her ownership, not yours. Fact that you are registered keeper is irrelevant. Clearly says on V5C this is not proof of ownership. That proof will come from receipt of purchase, which is not in your name.

    You’re 100% safe.
  • I'm pretty sure the OP will have to make the examiner aware of the car as the running costs will show on their SOA. 
    I do think it's best to be honest and open. 
    After saying that I don't see a problem the OP has a paper trail so can show proof of ownership 
  • fatbelly
    fatbelly Posts: 23,046 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Cashback Cashier
    The phrase you need is in my last post
    'You have the use of a car you do not own'
  • Sonic101
    Sonic101 Posts: 151 Forumite
    Tenth Anniversary 100 Posts Name Dropper Combo Breaker
    Just tell the truth - you can prove that you are not the legal owner of the car, you are just the registered keeper who has use of it. 
  • Minkym00
    Minkym00 Posts: 791 Forumite
    Sixth Anniversary 500 Posts Name Dropper
    The bankruptcy application form is a legal declaration. Not a good idea to withhold any information on it.
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