Wednesday, March 26, 2014

I am declaring bankruptcy, I am trying to determine if I am the co-signer on my vehicle am I considered the owner?

Question

I am declaring bankruptcy, I am trying to determine if I am the co-signer on my vehicle am I considered the owner?



Answer

If your name is on the vehicle title, you are an owner. If your name is on the vehicle loan, you are a debtor. Both kinds of information will be included in your Chapter 7 or Chap 13 petition. Prepare and review carefully to avoid later amendments. This advice is based only on the limited facts in your inquiry.



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