Q: My name is on a joint title for a car my father owns and possess. What will happen when I file chapter 7.
I am getting ready to file chapter 7 and just realized that I am a joint title holder on a vehicle that my father owns. In 2013 my father accrued the loan in his name only and I guess my name never got off the title probably for registration costs. I have not had the car in my possession, paid for insurance, maintenance, fuel, or registration since I sold it to him. Would a trustee see it and take what is technically my half to pay off my debt even if he houses and maintains the car.
A: Likely yes, although if you have some available exemptions, you can protect the car and your father from that happening.
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