I think so - it does state on there that the registered keeper is not necessarily the legal owner.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley. http://kallis3.blogs.iva.co.uk
No problem at all - but if your IVA fails and bankruptcy ensues the car will likely be taken if it is valued at more than £2,000 - so it might be better to register it in your Dad's name until the IVA has concluded.