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T O P I C R E V I E W
Lee.69
Posted - 02 June 2010 : 08:31:16 I SOLD MY CAR TO MY GIRLFIEND BUT STILL HAVE THE USE OF IT, WILL THIS BE LOOKED AT INTO I SOLD IT FOR £1700 MARKET VALUE, GAMBLED SOME OF THE MONEY AWAY AND PAID OFF DEBTS TO A FRIEND, AND KEPT £600 TO GO BANKRUPT, THANKS PEOPLE
3 L A T E S T R E P L I E S (Newest First)
xmas baby
Posted - 03 June 2010 : 10:41:57 Hi Lee,
I was discharged from BK in March and some of my debts were also down to gambling. I did not end up with a BRU and was totally honest when I put down gambling on the SOA and when I spoke to the OR. I did undergo counselling and was barred from casino's. I think it depends how much of the debt was due to gambling at the end of the day. Mine was 25% or thereabouts.
Good luck
xmasbaby
Melanie.n
Posted - 02 June 2010 : 14:02:55 Provided you can show that your girlfriend paid the market value you would not have any difficulty. You will however have the gambling questioned, and risk having a Bankruptcy Restriction Order - which basically menas having the bankruptyc extended (usually to 3 years) if gambling has been apparent.
Melanie Nicholas 29 years insolvency experience - 23 of which in the Insolvency Service - Insolvency Manager Jones Giles email me at melanienicholas@jonesgiles.co.uk telephone 01792 899996
Richard P
Posted - 02 June 2010 : 12:50:27 Hi Lee
The money that you have paid to pay off some of your debts could be looked at as showing preferential treatment to a creditor.
selling the car to gain funds to go bankrupt is correct.
