top Ad Widget

Collapse

Announcement

Collapse
No announcement yet.

How should cars be titled

Collapse
X
 
  • Filter
  • Time
  • Show
Clear All
new posts

    How should cars be titled

    Ideally, for a married couple filling for BK, should two cars owned outright be titled in both names or one in each?

    Thanks

    #2
    Originally posted by lizardhead View Post
    Ideally, for a married couple filling for BK, should two cars owned outright be titled in both names or one in each?
    Do you own the two cars now? If yes, which names are on the titles now?

    If you are purchasing the cars before filing and you plan to file bk jointly, then the auto exemption in your state aren't affected if one or both of you are on the titles. What matters is that both cars belong to at least one of you - that allows use your state's auto exemption on your forms when you file.
    I am not a lawyer and this is not legal advice nor a statement of the law - only a lawyer can provide those.

    06/01/06 - Filed Ch 13
    06/28/06 - 341 Meeting
    07/18/06 - Confirmation Hearing - not confirmed, 3 objections
    10/05/06 - Hearing to resolve 2 trustee objections
    01/24/07 - Judge dismisses mortgage company objection
    09/27/07 - Confirmed at last!
    06/10/11 - Trustee confirms all payments made
    08/10/11 - DISCHARGED !

    10/02/11 - CASE CLOSED
    Countdown: 60 months paid, 0 months to go

    Comment

    bottom Ad Widget

    Collapse
    Working...
    X