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Can you be listed as a driver on a vehicle while going bankrupt?


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Wiki User
2005-12-17 07:32:46
2005-12-17 07:32:46

being listed as a driver on a vehicle has to do with your insurance and not the company selling the vehicle. if the insurance runs your credit report before they make a final quotation for coverage, then they could possibly deny you as being an insurable driver on a certain vehicle. it probably won't happen but could depending on what state you live in.

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If they are going to drive, they must be a listed driver on a vehicle in the household.

Some companies will allow the named insured to be excluded as a driver. Remember that an exclusion means that you will not be allowed to drive the vehicle and if you do then there is no coverage at all if a claim occurs. You will also have to have anyone who is going to drive the vehicle listed on the policy as a driver. You can't have a policy without a driver listed on it.

unless it is written off by the court, it does. I would assume that it would be listed as debt by the party going bankrupt.

Yes, I recently bought me insurance and they asked if I was going to be the driver or not.

from what i heard yes it is going bankrupt and they are closing.

i hope they are ! i hope they are !

they are running out of money

The dash lights on a vehicle are there to let the driver know what is going on with the vehicle. Most lights are self explanatory if they are not the Manuel will have a diagram.

was about to, and is getting close.

No! It is a thriving car company...

One and the same...going bankrupt means they have legally asked for protection under the bankruptcy laws.

To my knowledge, most insurance companies cover the car, regardless of who drives it. But check your policy to be sure as this may not always be the case. Your insurance broker will be able to tell you for sure. If you are just a part time driver of the vehicle then you may not have to worry about your rates going up. Also, you may or may not have to be listed as a part time driver on your policy. Hope this helps.

if you are driving a military vehicle you are required to have a TC or co-driver reason for that is to keep the driver awake and alert while going on missions and to have drivers to switch out when they get fatigued also both the driver and co driver are to be awake at all times when in the truck

If she does not drive your car, then there is no reason to list her. However, it would probably be wise to list her if you are going to teach her how to drive it.

Yes, they are going bankrupt. Yahoo!Answers is trying to cover this up, but it's true.

I believe it all ready did

That would be an extremely risky move. In all probabilities, the stock of the bankrupt company would get de-listed from the exchange and you may not be able to sell them at all. The chances of the company taken over by someone else and then get the stock re-listed etc are difficult events which may take years. So if you feel a company is going bankrupt - the wisest move would be to exit your holdings.

The owner of the vehicle is going to be held liable for any damages caused by the underage driver.

"No GE finance is not going bankrupt. A few years ago GE finance was close to bankruptcy, but they were able to reverse course and continue to thrive as a business."

If the company you are going to work for owns their trucks than they will already have them insured.

Club Penguin is not making any plans to go bankrupt. With all of the membership fees that Club Penguin receives from users, it will most likely never go bankrupt. And, the chances of Club Penguin going bankrupt are 1/4 (simplified from 50/200), so basically, there is just a little chance.

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