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Asked in CA May 19, 2022 ,  0 answers
I am claiming bankruptcy. My son's car is in my name as he had no credit, however, he made down payment, pays monthly payment insurance and upkeep. I list no expense for this car and to date there is no equity. How shall I treat this or can I omit it from my BK?
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Bankruptcy Law
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2 Answers

Catherine Eranthe
Catherine Eranthe ( Ask a Question )
12
San Rafael, California
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Posted on / Oct. 31, 2012 09:40:00

You must disclose your entire financial picture in your bankrupty. You leave nothing out. You list it with an explanation in the notes. Go see a knowledgeble local bakrupcty attorney to discuss your case before filing. You don't want to file frauduent papers - it is a federal crime!

Catherine Eranthe
Catherine Eranthe ( Ask a Question )
12
San Rafael, California
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Reply
Posted on / Oct. 31, 2012 09:40:00

You must disclose your entire financial picture in your bankrupty. You leave nothing out. You list it with an explanation in the notes. Go see a knowledgeble local bakrupcty attorney to discuss your case before filing. You don't want to file frauduent papers - it is a federal crime!

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