I am not sure who's fault this is or if it's both. But now I feel like we are up a creek. We filed chapter 7 and somehow it escaped out lawyer that we bought our daughter a car close to a year ago for graduation paid in full in her name.
It never occured to either of us to claim it as a gift to her b/c it's been almost year ago that we gave it to her and certainly not money we were trying to hide. We got our son a car as well during the same situation but his was financed so it was still in our name. Now that our lawyer realized this he is freaking out and has us freaking out that we have two options. Go to the creditors meeting and let them take the car we will basically have to buy it back which I really don't want to do nor do we have the money to do or.....don't go to the meeting and hope its dismissed which will give us time to put the car in our name so we can exempt it.
Any advice?
It never occured to either of us to claim it as a gift to her b/c it's been almost year ago that we gave it to her and certainly not money we were trying to hide. We got our son a car as well during the same situation but his was financed so it was still in our name. Now that our lawyer realized this he is freaking out and has us freaking out that we have two options. Go to the creditors meeting and let them take the car we will basically have to buy it back which I really don't want to do nor do we have the money to do or.....don't go to the meeting and hope its dismissed which will give us time to put the car in our name so we can exempt it.
Any advice?
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