Sale of property while being held as a security for bankruptcy
I purchased a car from my nephew Oct. 2002. My nephew had purchased the car Sept. 2002 from the origninal owner. The problem began when I attempted to contact the original owner requesting the title. I was then told that the car was part of their bankruptcy and they would be getting the title in Dec. 2002. I agreed to wait until Dec. 2002. I then contacted them Dec. 2002 and was told it would be Feb. 2003....Then Feb. 2003 was told April 1, 2003. I have spent money on repair work on this car. What are my options as far as
1) Letter notifying them that I want the title by 5pm 04/01/03 or W H A T
What can I do to keep the vehicle and get the title OR return the vehicle and get ALL the money I have put in it PLUS the aggravation they have caused me?
1 Answer from Attorneys
Re: Sale of property while being held as a security for bankruptcy
Get your money back from your nephew. Without legal title, your nephew is in no position to transfer the title to a car. In point of fact, I doubt your nephew could claim ownership to the car without ever having possessed the title.
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