Ok - bit of a story, but it'll give you an idea of whats going on. Good friend of, married for 25+ years just had his wife leave him this December. No warning, no discussion, just told him she wasn't happy, was with somebody else, end of the story. Cut contact with her three young adult (19, 23, 26yr old) children. This is a very dear friend to me, a second father to myself and more importantly my wife who's biological jerk-off never gave anything but pain. This has been a pretty hard hit for him, he was good family man that poured all of his being into his family, always gave up the best for his wife and kids, worked 2 jobs and all the overtime available, a real good guy - an example to me for sure. Now he's going through initiating bankrupcy as his wife left him w/ a house an stack of bills that can't be handled on one income. No divorce as yet, but that may be looming on the horizon as well.
Now, he has always wanted a motorcycle. Raced dirt-bikes very well as a teenager, never was able to own the Harley Sportster he's always wanted. Myself, my wife, my best friend and his wife, as well as his kids who we're all close with bought a used Sportster for him. We figure the guy has had nothing but a crap year - he deserves something to put a grin back on his face.
Now knowing his situation I didn't think we want to register this bike under his name - between an ongoing bancrupcy and a possible divorce that could potential present all sorts of complications - I instead registered it to myself, and just give it to him to ride/use until he's clear of all that, and then will transfer the paperwork to him once he's passed all that. I was able to add him to my insurance as an additional operator.
He's had the bike about two weeks, loves its, big smiles all the time. Today he calls, all shaken up. He told his BK lawyer what we had done, and they seem to think that it will have implications on his BK, and may be siezed or something like that. Now, this is not his motorcycle in any legal sense, my name on the title, and registration. It is kept at his residence, and he operates it, but I don't see that they could take this or use it against him, can they? I know nothing about this, but I know he called me today asking for the title to bring to his lawyer so they can review it. Anything I should do, or know about them, or is he just being blustered on this one, and is gonna be ok as far as the bike is concerned? I really appreciate your thoughts.
- Andrew
Now, he has always wanted a motorcycle. Raced dirt-bikes very well as a teenager, never was able to own the Harley Sportster he's always wanted. Myself, my wife, my best friend and his wife, as well as his kids who we're all close with bought a used Sportster for him. We figure the guy has had nothing but a crap year - he deserves something to put a grin back on his face.
Now knowing his situation I didn't think we want to register this bike under his name - between an ongoing bancrupcy and a possible divorce that could potential present all sorts of complications - I instead registered it to myself, and just give it to him to ride/use until he's clear of all that, and then will transfer the paperwork to him once he's passed all that. I was able to add him to my insurance as an additional operator.
He's had the bike about two weeks, loves its, big smiles all the time. Today he calls, all shaken up. He told his BK lawyer what we had done, and they seem to think that it will have implications on his BK, and may be siezed or something like that. Now, this is not his motorcycle in any legal sense, my name on the title, and registration. It is kept at his residence, and he operates it, but I don't see that they could take this or use it against him, can they? I know nothing about this, but I know he called me today asking for the title to bring to his lawyer so they can review it. Anything I should do, or know about them, or is he just being blustered on this one, and is gonna be ok as far as the bike is concerned? I really appreciate your thoughts.
- Andrew
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