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
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
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.
I sold my car to my girlfriend
Posted - 02 June 2010 : 08:31:16
