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3rd car-in my name not mine

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    3rd car-in my name not mine

    I CO-SIGNED for my daughter's auto loan, but due to her credit status I was made primary on the loan. She has now paid it off, but my name is on the title along with hers. Will it appear to be fraud now if I remove my name before filing chap 7? I never paid a dime on the car, it is strickly hers, but I helped her out because I had good credit at the time.
    How can I keep her car from being counted as my asset?

    I AM IN MICH.
    Filed Chap 7: Oct 2009 ; 341 mtg: Nov. 2009 ; Discharged: Jan 2010:
    Credit score Aug 2010: 648

    #2
    How much is it worth? Do you have enough excemptions where you could just excempt your half of the vehicle?

    Not sure how it would be treated otherwise...

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      #3
      Is the car titled in an "and" or an "or" condition? If it is in an "or" condition, you own the car 100%, or she owns it 100%. If it is in an "and" you both own it 50%. If "or" she can change the Title without your permission. I doubt that anyone would even check, and if they do, your explanation is honest and without guilt. 'Hub
      Last edited by AngelinaCat; 06-29-2009, 05:20 AM.
      If I knew it all, would I be here?? Hang in there = Retained attorney 8-06, Filed 12-28-07, Discharge 8-13-08, Finally CLOSED 11-3-09, 3-31-10 AP Dismissed, Informed by incompetent lawyer of CLOSED status, October 14, 2010.

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        #4
        It's "and" on the title, I will have her remove my name. It should not still me in my name anyway. Thanks
        Filed Chap 7: Oct 2009 ; 341 mtg: Nov. 2009 ; Discharged: Jan 2010:
        Credit score Aug 2010: 648

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          #5
          Went to see a lawyer and he confirmed that the auto is not a problem.
          whew!
          thx guys.
          Filed Chap 7: Oct 2009 ; 341 mtg: Nov. 2009 ; Discharged: Jan 2010:
          Credit score Aug 2010: 648

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