I have a major problem. I was talking to my brother today about our upcoming meeting with the attorney for bankruptcy. Later, my brother called to remind me that we never had gotten the title changed on the truck he bought from me 2 years ago! Actually, what happened is I just let him finish making the payments. He had his own credit problems. Anyway, after the last payment to the credit union in January, we never got the title changed. In fact, I think I would still have to go to the credit union and get them removed from the title as a leinholder since they're no longer a leinholder.
The problem is, now it's going to look like I'm transferring an asset to my brother. I am so mad about this. This is pure stupidity on my part. But after he took over the payments and paid it off, I totally forgot about the title stuff. Now, he has insurance records that he has paid insurance for the last two years, but the title and the plates were always -- and continue to this day -- in my name.
Is there ANYTHING I can do about this? I mean, my brother would sign an affidavit to these facts. But even I could understand a trustee saying no way! He does have a check copy from a check he wrote to me in January for $3,200 so I could pay off one credit card (to be able to then use that same credit card for an access check with a lower interest payment.) Then, two weeks later, I paid him back the difference between the $3,200 and what was left on the truck, and then paid the truck off. So there is SOME paper trail to all this.
I'm so depressed. The value of the truck would be around $6,500. We have one van lease and a scooter/moped. So now it LOOKS like we have three vehicles.
Anybody have any idea what might happen or what I can do? Can I pay the difference in what I'm allowed to keep and that $6,500? I really need chapter 7 rather than 13.
Rick
The problem is, now it's going to look like I'm transferring an asset to my brother. I am so mad about this. This is pure stupidity on my part. But after he took over the payments and paid it off, I totally forgot about the title stuff. Now, he has insurance records that he has paid insurance for the last two years, but the title and the plates were always -- and continue to this day -- in my name.
Is there ANYTHING I can do about this? I mean, my brother would sign an affidavit to these facts. But even I could understand a trustee saying no way! He does have a check copy from a check he wrote to me in January for $3,200 so I could pay off one credit card (to be able to then use that same credit card for an access check with a lower interest payment.) Then, two weeks later, I paid him back the difference between the $3,200 and what was left on the truck, and then paid the truck off. So there is SOME paper trail to all this.
I'm so depressed. The value of the truck would be around $6,500. We have one van lease and a scooter/moped. So now it LOOKS like we have three vehicles.
Anybody have any idea what might happen or what I can do? Can I pay the difference in what I'm allowed to keep and that $6,500? I really need chapter 7 rather than 13.
Rick
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