Folks,
My (live-in) GF will be filing for Ch7 (just got a garnishment order, so likely emergency). Pretty simple case in my understanding -- she works barely above minimum wage, no assets, no active credit cards, etc. However, I bought a used car over a year ago for her. It is registered in my name, and I auto-pay it with the bank -- but she pays me back each month. Presumption that I will transfer the title to her when it is paid, but there are no legal papers anywhere except between the bank and me.
Should we list this as a debt to me in the papers? Is there a better way to handle it? She is paying that amount, plus her part of the rent, to me as cash -- and the sum is about half the house's rent, so we could call the cash transfers her half of the rent, and I'm letting her borrow the car in return for paying insurance and upkeep .... but that really rubs me the wrong way and seems to be asking for trouble too.
Ideas?
Perferring to avoid a lawyer, but mostly due to the pain of finding one that takes our legal insurance, and doing so in time to stop the garnishment (6 days from now).
--randy
My (live-in) GF will be filing for Ch7 (just got a garnishment order, so likely emergency). Pretty simple case in my understanding -- she works barely above minimum wage, no assets, no active credit cards, etc. However, I bought a used car over a year ago for her. It is registered in my name, and I auto-pay it with the bank -- but she pays me back each month. Presumption that I will transfer the title to her when it is paid, but there are no legal papers anywhere except between the bank and me.
Should we list this as a debt to me in the papers? Is there a better way to handle it? She is paying that amount, plus her part of the rent, to me as cash -- and the sum is about half the house's rent, so we could call the cash transfers her half of the rent, and I'm letting her borrow the car in return for paying insurance and upkeep .... but that really rubs me the wrong way and seems to be asking for trouble too.
Ideas?
Perferring to avoid a lawyer, but mostly due to the pain of finding one that takes our legal insurance, and doing so in time to stop the garnishment (6 days from now).
--randy
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