we filed for chapter 7 a few weeks ago, but am now being told we'll have to do a 13. several months ago, my mother offered to buy me a new car, paid in full. i thought it best to hold off, thinking we could do that after the 7 discharge. since that won't be happening, can she buy the car after our 13 is confirmed, with the title in both our names and there be no commentary from the trustee?
also, if that's the case, if for some reason we have to convert to a 7 a year or so down the road, would that car be protected because it's in both our names? or would i have to surrender it if i couldn't exempt it?
there's nothing shady going on here, my mom just wants to see me enjoy my inheritance while she's alive, and she knows we need a new car because ours is so old and in need of alot of repairs. she vaguely knows about the bankruptcy. oh, and she will not put the title in just her name. i've tried that route, and she's convinced it will affect her insurance coverge.
also, if that's the case, if for some reason we have to convert to a 7 a year or so down the road, would that car be protected because it's in both our names? or would i have to surrender it if i couldn't exempt it?
there's nothing shady going on here, my mom just wants to see me enjoy my inheritance while she's alive, and she knows we need a new car because ours is so old and in need of alot of repairs. she vaguely knows about the bankruptcy. oh, and she will not put the title in just her name. i've tried that route, and she's convinced it will affect her insurance coverge.
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