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Debt in father in laws name

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    Debt in father in laws name

    My husband last year bought an off road vehicle for $14,000!!!! Anyway we could have easily put it in our names but for some reason thought he got a better rate having his father finance it for him. When it comes to file and we are going to soon I hope...what happens with this loan? I make the payments on this loan every month and have all the checks showing that I make the payments directly to them. Will this be a problem when filing a Chapter 7? Will they try and get the money back?

    #2
    That loan will survive your bk since it's not in your name. Your FIL is still responsible for the payments.
    Since you're paying the company directly, unless it's over $600 within 90 days of filing, the trustee won't go after it.
    You need to let your FIL know he's gonna have to make payments until your bk is dischraged.

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