bankruptcy

4 posts Page 1 of 1
Post Reply
 
 

guiness

User avatar
Posts: 42
Joined: Thu Jun 07, 2007 10:14 pm
Location: United Kingdom
Post by guiness » Wed Oct 24, 2007 8:02 pm
Quote
Hi all [:)]. I've been looking at the petition forms for bankruptcy and was wondering if anyone knows why in the 'assets' section they ask you if you have the use of a motor vechicle that you do not own? My husband owns a car and I sometimes have the use of it at the weekends. Does this mean it couls be seized as an asset?
Top
 
 

catullus

User avatar
Posts: 577
Joined: Sun Jun 24, 2007 12:48 pm
Location:
Post by catullus » Wed Oct 24, 2007 8:29 pm
Quote
No, it couldn't be seized as an asset guiness but I can't really think why they would ask this question other than to understand your travel arrangements and what running costs you might have incur.

Best guess I'm afraid
Top
 
 

Skippy

User avatar
Posts: 20706
Joined: Sat Oct 21, 2006 6:08 pm
Location: United Kingdom
Post by Skippy » Wed Oct 24, 2007 9:12 pm
Quote
I presumed it was to determine whether I actually needed to keep my own car. I am insured on Dave's car, but I didn't put say I had use of it as I can't use it to get too and from work as it's his work vehicle - he's a self employed handyman and couldn't work without it.

Yesterday is history, tomorrow is a mystery, today is the present - a gift to make the most of.

View my blog at http://skippy13.blogs.iva.co.uk/
Top
 
 

guiness

User avatar
Posts: 42
Joined: Thu Jun 07, 2007 10:14 pm
Location: United Kingdom
Post by guiness » Wed Oct 24, 2007 9:15 pm
Quote
The thing that worries me is that they ask for the value of the car you have the use of?? This makes me think that they must consider it as an asset, but if it isn't owned by you its not is it?
Top
Post Reply
4 posts Page 1 of 1
Return to “postbag for october”