son's car

by Katylife57 » Fri Jun 11, 2010 04:25 pm

We are about to file bankruptcy, however, my son's car is in our name. He is 17. Should we transfer it to his name just in case we file chapter 13 so they cannot use it as an asset

Total Comments: 3

Posted: Fri Jun 11, 2010 05:14 pm Post Subject:

I doubt anyone here knows the bankruptcy laws well enough to answer that question (this is an insurance forum). From what I hear they will go back so many months prior to the filing to see if the person transfered ownership of real property. So I doubt that will work.

Posted: Fri Jun 11, 2010 08:59 pm Post Subject: insurance

(My '2 cents'). I don't think that will work, either. When my friend filed BK, her Lawyer/BK Courts went 'back' to see what property was in her name, had long it was in her name, etc.

Posted: Sat Jun 12, 2010 12:02 pm Post Subject:

Ask the attorney you're using to file your bankruptcy, he/she will know

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