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Hi all

I currently have about £80k worth of debt about to chase me, due to a failed business and the fact that I had personal guarantees on loans etc. Anyway I will almost definitely need to be looking at making my self Bankrupt and was wondering whether the following would be ok to do..... I have a Caravan on HP in my name and the current balance is £18k with 8years left to run, I have had a settlement figure from the HP company which is £10,800.00 and the caravan is probably worth about that anyway. Can my wife take out a personal loan in her name only for £10,800.00 to buy the caravan and then make a payment to them by debit card to clear the HP? Is this ok to do in the eyes of the OR as I will not be making money from the deal and I am not selling it undervalue? How do I then show that she legally owns the caravan?

Advice would be very much appreciated, thanks

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