top Ad Widget

Collapse

Announcement

Collapse
No announcement yet.

Help me please.

Collapse
X
 
  • Filter
  • Time
  • Show
Clear All
new posts

    Help me please.

    Help! Here's my situation. We're planning to file 13 in april. Way back 1997, my husband was asked by his mom to use his name and credit to buy her a mini van (obviously coz he's gonna get approved)- payments were made by his parents and insurance is registered at his parent's residence and his mom is declared as the primary driver. It's probably paid off now. The vehicle remains registered in his name until this time. My big problem is, this might be seen by the trustee as my husbands, although it's not. I'm hoping that my mother in law kept all the reciepts when she made all the payments. What should we do??
    I know if he will finally transfer it to her mother's name it's gonna look fraudulent. Please help me...what should we do?

    #2
    Well as it's a 13 year old van how much is this thing worth? There is not much you can do save exempt it, or prove it's so low value as not being worth the time to sell it.

    Doing a transfer now will just perk the TT interest. However I see you have this in the 13 forum so you don't have to liquidate assets there. So long as you pay into the plan the small amount the car would be worth I see little issue here.
    3/2/09- Filed: chapter 7 / No asset
    4/1/09- 341 Hearing: 1 creditor showed up Got to love family feuds
    4/2/09- Trustee Report of No Distribution Filed
    6/24/09- Discharged and case closed

    Comment


      #3
      If the title is in his name, its his. It doesn't matter who paid for it.
      As mentioned, it will probably fit in your exemptions, even if doesn't since you are in a 13 is shouldn't be a problem. Don't try and transfer the title before you file, that will just cause problems.
      Filed CH13 - 06/2009
      Confirmed - 01/2010

      Comment


        #4
        Originally posted by catch22 View Post
        Help! Here's my situation. We're planning to file 13 in april. Way back 1997, my husband was asked by his mom to use his name and credit to buy her a mini van (obviously coz he's gonna get approved)- payments were made by his parents and insurance is registered at his parent's residence and his mom is declared as the primary driver. It's probably paid off now. The vehicle remains registered in his name until this time. My big problem is, this might be seen by the trustee as my husbands, although it's not. I'm hoping that my mother in law kept all the reciepts when she made all the payments. What should we do??
        I know if he will finally transfer it to her mother's name it's gonna look fraudulent. Please help me...what should we do?
        13 year old van value $300 needs tires, exhaust, breaks, trans is going, motor on last leg.


        if you don't screw with trustee i.e resent property transfers he my not even question the amount.

        price your items care fully you will be buying them back at the price you put on them.

        Comment

        bottom Ad Widget

        Collapse
        Working...