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Hello,

My wife and I jointly own a car, as we both signed the credit agreement.

I think this may have something to do with the fact that we both jointly own our house.

If I went bankrupt, could my wife keep the car, or would I have to transfer the agreement to my wife?

Cars are not usually owned jointly - whose name is the registered owner at DVLC?

Regards, Melanie Giles, Insolvency Practitioner for over 20 years.

For further details contact me at http://www.melaniegiles.com and view my IVA blog at: http://melaniegiles.blogs.iva.co.uk

Hi there Pme and welcome
I will have a go but wait for other answers.
I think if the car is on HP then you would have 50% put on to your expenditure the other 50% would be payable by your wife. If the car was solely in your wifes name then she would pay all of it.
I may be wrong.

Ang

Registered keeper does not necessarily mean the legal owner?

I am registered keeper, but my wife and I live at the same address?

Well if you are going to argue that you both jointly own the car, then you will have to put this argument to the Official Receiver to see what view they take. What is the car worth, and are you still paying the finance payments?

Regards, Melanie Giles, Insolvency Practitioner for over 20 years.

For further details contact me at http://www.melaniegiles.com and view my IVA blog at: http://melaniegiles.blogs.iva.co.uk