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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?

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

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.

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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?