Posted on: 11th Jun, 2011 12:56 pm
can you sell a vehicle and transfer title on a vehicle when there is a judgment on your name?. i would then want to purchase another vehicle after paying off lien on the 1st vehicle. i live in south dakota if that makes any difference. i will be declaring chapter 7 bankruptcy shortly as well.
Hi northernfox!
Welcome to forums!
If there is already a judgment filed against you, then I don't think you will be able to sell off the property unless the court gives it's orders. Nevertheless, you should contact an attorney and take his opinion in this matter.
Feel free to ask if you've further queries.
Sussane
Welcome to forums!
If there is already a judgment filed against you, then I don't think you will be able to sell off the property unless the court gives it's orders. Nevertheless, you should contact an attorney and take his opinion in this matter.
Feel free to ask if you've further queries.
Sussane
Fox, unless the judgment against you has specifically forbidden you to sell that vehicle, I don't see any reason why you'd be obligated to keep it. Most judgments are issued pursuant to a claim that you owe money - period; the plaintiff is awarded a specific dollar amount, and there's typically a monthly payment attached to the award. If you neglect to pay, then the creditor can seek a garnishment and even a repossession of any motor vehicles in order to settle the debt. If your situation has never reached that point, then I'd not worry if I were you. Go ahead and sell the vehicle, but call the court that ordered the judgment in the first place to see what your responsibilities and rights are.
