My husband and I are currently trying to file Chapter 7, we plan on filing July 1st. In October I sold my car to my sister for the blue book value ($2500) however I stated on the DMV transfer that I sold it to her for only $500. I didnt know at the time that we would have to list it on our BK. I thought they looked at 6 months worth of income. I have a bill of sale for $2500 but I will the DMV title transfer cause an issue?
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Unless you've got something else that might raise a red flag, a bill of sale for fair market value should suffice. I don't see them checking a title transfer just for the hell of it...
My $0.02 only...
Good luck.No person in their right mind files a Ch. 13 with lien strip pro se. I have.Therefore, please consider me insane and clinically certifiable when reading my posts, and DO NOT take them as legal advice of any kind.Thank you.
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