Q: I'm financing a car & filing for Chap. 7. The people I sold my prev car to never transferred ownership. What can I do?
I paid off a car about 4 years ago, and ended up selling it. I wrote out a bill of sale, but the people that bought it, did not transfer ownership. Now I need to file for Chapter 7, and I'm financing a vehicle. I don't want it to mess with my bankruptcy, or my car. What can I do?
A: Just list it as an asset and indicate you surrendered it. Won’t affect you at all. The trustee can decide what to do with it. But be absolutely sure you list that car bc it is still in your name.
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