Can they take my son's car due to my bankruptcy?

Due to some medical debts, I’ll be filing Chapter 7 bankruptcy soon and I’ve known that I need to submit all my financial activities for the past 3 months. On my son’s car title both our names appear since I had co-signed the loan. But the loan has been paid off several years back. As I was not sure if they would repossess his car due to my bankruptcy filing (I’ll be filing in Florida), I just transferred the title to his name just to keep the thing away from my bankruptcy filing. Could this transfer be taken as fraudulent? Should I wait for another couple of months?
1 Answers

Ask Question

Waterfall approach to debt free ™

Legal debt relief methodology that works based on your financial conditions.Learn more »

  • expertise badge
  • TrustLink logoTrustLink logo
  • Customer ratings on BBB
  • IAPDA logo
  • Calchamber Member
  • Calbar Registered
  • D&B
  • Trustpilot
  • yelp logo