Will I be doing something wrong??

[jane.l]

A few years ago my husband bought me a personal number plate for my car for Christmas,(it cost £300) I put it on the car I had then, but last August, I bought a new car and the dealer transferred the plate to my new car. We are petitioning for bankruptcy (hopefully in a few's month time.) I read my HP agreement carefully, (I have not missed any payments and will continue to pay) and it says, in the event of bankruptcy they have the right to repossess the car and another clause states that if the number plate is changed, then the number belongs to the car, so I would lose it!!!!!!!!! Legally it belongs to my husband as he bought it in his name! He has told me to immediately get the car registered back to its original number and to keep my plate on a retainer for a few years. Will the OR see this as doing something wrong? and would we have to list the plate as an asset and then he could make us sell it anyway???

[MelanieGiles]

Jane

The numberplate is an asset and will need to be declared in the bankruptcy. The Official Reciever will sell the numberplate as part of your estate. The numberplate does not belong to the car it belongs to you - but will be sold under bankruptcy proceedings.

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

[Andy2]

Was the car a brand new car Jane ? Does the dealership documentation make reference to you putting on your own plate ?

[jane.l]

The car was a few months old when I bought it, so not brand new, and the dealer just sorted all the paperwork out regarding the number plate so that on the day I actually purchased and picked up the car, it was registered in my number plate. The car is on HP but was over 3 years and then has a "balloon" payment after that, and that can either be re-financed or paid off, obviously, if I am bankrupt there is no way I will be able to do this, so I am resigned to the fact now that I am not going to be able to keep it. I know its only a car but we have already lost our house, then my car (which I love) and the number plate is just the final straw! It feels more personal than the car, I can always buy another car in the future but the plate will be lost for ever! It means something special to me as its my initals and the number is my birthday, I know I owe money and obviuosly I am going to lose things to make that up, but I just think now, whats the point??? God, we'v lost everything

[freelili]

Jane

I know you feel that you have lost everything and I feel for you, but there still is a point, your loved ones need you and you need them. Its really hard right now, I know but you can rebuilt and replace 'things'. The numberplate is hard as its sentimental from hubby and unigue to you, but you still have him and that is what is important right now. No amount of money in the world can buy what you have in each other. Please keep going and things will get better again. I know you dont believe this right now but you havent lost everything.

LILY

I believe that angels breathe and love will live on and never leave. I cherish all you gave me everyday.

[Andy2]

I take it that means it was a "never on the road" car but had the factory plates. I suppose whether the personalised plates belong to the car depends on whether there was any allowance made in the purchase price to reflect that you had your own plates but really I don't know. If an overall discount was given on the purchase price the dealer could just claim he "lumped" this is because you had your own plates. But even if the plates could be removed from the car they would still be an "asset" in BR that would need to be listed and if both you and your hubby are going BR it wouldn't matter who owned it as the OR could still pick it out.

[scaredkez]

jane can i be honestly brutal, its a number plate, i know it has sentimental value and you are on the brink of losing your home like me, but it is material and really not worth the worry, i know easy said by me, today i watched my car being driven off my drive if it wasn't for the cuddle that my 14 year old son gave me as he seen the sadness in my eyes i wouldn't have coped, i realised today material things are just that, i am lucky i have 3 beautiful children and through out all of this they can not take that away from me.

i know its hard and the circumstances we are in means we are going to lose the material things that we have clinged to but that cuddle meant more to me than anything today.

i am sorry if you think i have spoken out of turn but i would rather lose my home and my car than my family, we have the resources to build our lives again, and can act on the mistakes of the past.
take care
kerri

Please view my blog at: http://scaredkez.blogs.iva.co.uk/

[MelanieGiles]

Guys

Cherished number plates do not attach to the cars they are registered on and are assets in their own right.

Kerry is right Jane. She has lost her actual car today, under extremely unfair circumstances. She cannot now take her children to school safely, as a result of her indebtedness.

There are many prices to pay for being in debt, and it makes my blood boil sometimes when I hear bankruptcy being referred to as an "easy option".

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

[scaredkez]

thanks mel, only i and a few others will actually know how hard today has been
kerri

Please view my blog at: http://scaredkez.blogs.iva.co.uk/

[jane.l]

yeah, I've had time to think, I've got a valuation for the plate and its is worth today about £400 so what the hell, I will lost it, but I am not going to just throw another £100 away to take it off the car now when I bet I will lose it anyway. I am not sure why it says in the agreement that the plate would belong to the car, like everyone says, it belongs to my husband and in bankruptcy, it will probably be sold then. I know material things don't matter but I just seem to be having more bad days than good at the moment and I supose clinging on to material things helps (stupid, I know) As long as the kids are ok, then I keep telling meself not to stress over silly things, but lifes a nightmare at the moment, I am not sleeping, shouting at everyone, my marriage is over I feel. Maybe I should try to get away, clean start and all that, but I do not know how to do it!!!!!!

[MelanieGiles]

Jane

As I do keep telling you, bankruptcy proceedings will give you that clean start that you are looking for as soon as the bankruptcy order is made!

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

[freelili]

jane

I feel for you I really do but you really need to sit down and work out what is important here.

I have three autistic sons, am on my own and have just lost the best friend I ever had in the whole world. I have felt like running away until I realised what I would be running away from.... my own stupid mistakes and living beyond my means. Do my children deserve that??? No, they didnt ask for this. My kids do not have much to look forward to, I have talked to them about the problems, which will not go away until I do something about them. I asked them what they wanted and they said they want me to be happy. So its bank holiday, I have been up early so that we can all go out and do something together and I am going to smile and enjoy the day with them. Its up to you what you make of all this Jane, I know its hard, but at the end of the day, life is now what you want to make it. We all need the fat lady to sing as far as our debts are concerned, in your case she is clearing her throat.

Good luck and enjoy the day

LILY

I believe that angels breathe and love will live on and never leave. I cherish all you gave me everyday.

[scaredkez]

jane you need to calm down and take a step back from the situation, you are making it worse for your self thinking of the what ifs, what i am doing now is writing down all the real important things in my life and those that i would like but know i can no longer have, and believe me it is helping, take today for instance, i need to go to the supermarket, any other time jump in the car and off i go, the thought of having to get the bus there really wore me down, until my little one got so excited about going on the bus, it was a new adventure to her as she is so used to being taxi'd about.

the other way i am looking at things jane is the things that they are taking back off me weren't mine anyway, realistically i had only borrowed them until i could pay for them, which i can't so they have to go.

don't regret what is happening, the sooner you go BR and are out of limbo the easier it will feel, i promise you that, and then when you buy anything you know its yours for keeps as you have bought it with your own money, you have a family to think of and that is what you should do, i have done all the screaming, shouting and crying and no one was benefitting from that and certainly not my kids, i have put them through enough to worry about any material things now, we will have to move soon, so that will be another adventure that we will all be doing together, try and think positively, you really need to sort the BR situation out and move forward.
take care
kerri


Please view my blog at: http://scaredkez.blogs.iva.co.uk/

[tracy.h]

Hi Jane,
I know things are hard right now and your life is in turmoil,but you are not alone.To be honest i have had an absolute downer of a weekend,have just found out my father inlaws cancer is back and not many options available,but rather than feel sorry for myself im needed by the family my partner especaily to be strong,so all the stress that ive been feeling regards my debt issues will have to for now go on the back burner my family need me,as do yours,so as sad and bad as you are feeling as lily and kerri say put things in perspective because no matter what happens in life your family will always be there its only when you realise that you are going to loose one of them all the worrys and trauma you have been beating yourself up over seem so unimportant,at the end of the day life is what we make it,and you like the rest if us will loose material things but jane look at the good you still have,and once you go BR you will be free to start again,you can then rebuild your life with your family,and i really do hope that time will come soon.
Be strong Jane,your nearly there.
Take care
Tracy

[Skippy]

Jane, please try and be strong for a while longer - you are nearly there. You have your family, and I know that Dave and my family mean more to me than all the material possessions in the world. I remember when my uncle was diagnosed with terminal cancer last year - I made a pact with God that if he would let my uncle live, I would give up everything I had. Sadly it wasn't to be, but I meant it. You will get through this, and please keep posting, even if it's just to have a good old rant.

Tracy, I just wanted to say how sorry I am about your father in law x

Yesterday is history, tomorrow is a mystery, today is the present - a gift to make the most of.

View my blog at http://skippy13.blogs.iva.co.uk/