I bought a pontoon boat and trailer for 7500 from a friend. I took out a loan but their was never a lien, in my state boats under 18ft require no title. I was planning on selling it. The bank called asking for the property back, my question is this. What would happen if I said I sold it. wouldn't it be the same as credit card debt that gets charged off? The reason that I ask is it is located about 5 hrs away and I cant get to it until summer.
-
Filed CH 7 12/1/2009
341 Meeting 01/20/2010
Discharged 3/22/2010
Closed 3/29/2010 -
Chapter 7 (No Asset/Non-Consumer) Filed (Pro Se) 7/08 (converted from Chapter 13 - 2/10)
Status: (Auto) Discharged and Closed! 5/10
Visit My BKForum Blog: justbroke's Blog
Any advice provided is not legal advice, but simply the musings of a fellow bankrupt.
Bankruptcy Wizard
Comment