Louisiana  |  Bankruptcy

Legal Question

Asked on: 4/20/04, 1:52 pm

undisclosed asset that was sold over a year before filing Chap 7

If you sell a auto and buyer did not transfer the title till a year later and the seller is BK-7 and the Bill Of Sale was dated in 2002 way before the 1 year statute of disposing of assets, but the title was not transferred till within the statute as a donation because the buyer was negligent and avoiding responsiblity in insurance and fees and would have to pay extra. Is the seller in jeporady because of the ''donation'' not being disclosed.

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