I have an "interesting" question and I'm looking for advice as to how to handle it.
I have two cars, both are loans through the same local bank.
04 impala, owe 5k, it's worth 4
05 highlander, owe 12, it's worth 9
Here's the interesting thing, I live in KS and 20k of vehicles is exempt. So listed them exempt.
However, I received my title free and clear on the highlander maybe two years ago. Didn't know why, just filed it away and never thought about it again.
Then about 2 months ago the bank comes calling wanting me to voluntarily bring the title in so that they can put a lien back on it.
Then I filed BK. I have my 341 meeting the 27th of this month
How should I proceed with the trustee to give myself the opportunity for him to wipe that debt out?
BTW, I submitted the loan as a personal, unsecured loan...since in material fact, that's what it is. That was also the advice of a lawyer who I didn't use.
Thoughts?
Also, what if they show up to the 341? How should I respond?
I have two cars, both are loans through the same local bank.
04 impala, owe 5k, it's worth 4
05 highlander, owe 12, it's worth 9
Here's the interesting thing, I live in KS and 20k of vehicles is exempt. So listed them exempt.
However, I received my title free and clear on the highlander maybe two years ago. Didn't know why, just filed it away and never thought about it again.
Then about 2 months ago the bank comes calling wanting me to voluntarily bring the title in so that they can put a lien back on it.
Then I filed BK. I have my 341 meeting the 27th of this month
How should I proceed with the trustee to give myself the opportunity for him to wipe that debt out?
BTW, I submitted the loan as a personal, unsecured loan...since in material fact, that's what it is. That was also the advice of a lawyer who I didn't use.
Thoughts?
Also, what if they show up to the 341? How should I respond?