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by RC loves ice cream on June 23rd, 2009
No, but that means they could go for something else you possess.
by mike on June 27th, 2009
The only issue is if the bank can make it seem as if you are hiding assets. So if your daughter only has that one car it seems legit. If she has three or more it seems as if the only reason it was sold was to get it out of your name for the bankruptcy. Also if it is an older car it does not draw as much attention as if it is less than two years old. It cannot look as if you are trying to hide assets.
by Spicy Hot on June 23rd, 2009
If you sold it then no they can not take it from her. Make sure you have the bill of sale and proof you sold it.
by 8 Jan 2004-10 Dec 2009 on June 23rd, 2009
If the bank has already signed the title over to you and no longer have a lien on it then no. You owned it free and clear so they no longer had a legal claim to it, and since it is no longer yours, it is not considered an asset of yours for purposes of bankruptcy.
Surrendering my car. An unfinished project left lots of custom and missing interior parts. No one will buy it as is. What will the bank say?
by MikeMan33 on July 4th, 2010
| 1 person likes this
If someone gets a duplicate title, then uses the orginal title to get a title loan, can the title company repo it?
by Jessica_C9352 on December 30th, 2010
| 1 person likes this
can I add auto repo as another service in my self owned auto towing/ transport business, how will the banks contract my services?
by Kimi_M on September 10th, 2010
| 1 person likes this
I pd my 1st car pmt & and purchased ins as per the loan agrmnt, regardless of show\'n my proof;my car was repo\'d. what r my rights
by suzettesme on April 30th, 2010
| 1 person likes this
If the balance of a car loan less than 10% owed, mainly their late fees , is written off to bad debt can they still repo the car
by dleigh on October 11th, 2010
| 1 person likes this
You're reading My car is paid for already, i sold it to my daughter can the bank take it from her or charge me for it if i go bankrupt?
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