Monday, July 21, 2014

My daughter got her car repossessed, So if I her Dad would buy her another one and pay for it completely ,and put it in her name, could the ...

Question

My daughter got her car repossessed, So if I her Dad would buy her another one and pay for it completely ,and put it in her name, could the bank that repossessed her car come after the one that I bought her?



Answer

Depending on how much she owes the bank there is the potential of the bank going after any asset she might acquire.



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