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Receiving a gift (car) and bankruptcy Help!
Comments
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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.1
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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.0 -
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 ownership0 -
The phrase you need is in my last post
'You have the use of a car you do not own'
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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.0
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The bankruptcy application form is a legal declaration. Not a good idea to withhold any information on it.1
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