Posted on: 14th Jan, 2011 08:11 pm
I am considering filing a B/K, and the lease on my car is up, I don't have the credit to release nor finance paying out the car. My parents have offered to buy the car. My question is whether they should put the car in their name or keep it in mine?
hi tamcheek,
you've mentioned that you're planning to file bankruptcy. in such a situation, you can include the car loan in your bankruptcy and get it discharged. if you transfer the property to your parents just before filing bankruptcy, it might be considered as fraudulent.
thanks
you've mentioned that you're planning to file bankruptcy. in such a situation, you can include the car loan in your bankruptcy and get it discharged. if you transfer the property to your parents just before filing bankruptcy, it might be considered as fraudulent.
thanks