Need help
I am new to thid forum. In May, I bought a used boat for $800 and had the boat trailer registered in my name. A couple of days later, I was notified by my company that my income was to be reduced. I could not keep up with my bills, so i quit paying my cc bills. I was saving the money to negotiate with my creditors instead of using a debt settlement company. I had register the boat trailer but not the boat itself. I register the boat in my inlaws name in case of a judgement against me. I now know that was not the right thing to do. Since then, my company has announced they are shutting down our facility in the middle of next year.
I have come to the decision to file for chapter 7. My question is will this be considered fraud. The boat was never in my name, however, the boat trailer is. I have considered having it transfered to my name and letting the trustee have it. Or do will he even know since it was never in my name?
I have come to the decision to file for chapter 7. My question is will this be considered fraud. The boat was never in my name, however, the boat trailer is. I have considered having it transfered to my name and letting the trustee have it. Or do will he even know since it was never in my name?
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