Legal Question in Bankruptcy in New York

A car that is paid for

My daughter's car is registered in my name, with her as the primary driver, I am thinking of filing for bankruptsy, her car is also paid for, mine is not, could I sell my daughter's car to her, therefore making it her's completely and if so how long before I file should I sell the car to her? The car is a 2002 Honda .


Asked on 8/02/08, 6:31 am

1 Answer from Attorneys
Nancy Delain Delain Law Office, PLLC

Re: A car that is paid for

As I said before, do NOT get the bright idea of trying to transfer, through sale or any other means, your car to your daughter unless you are prepared to meet certain criteria. This period is provided by law to allow the Trustee to rectify for all creditors any transactions that are between relatives or that favor one creditor over another, and you CANNOT get around this by transferring, including selling, your car to your daughter.

YOU NEED TO HIRE A LAWYER TO HELP YOU THROUGH YOUR BANKRUPTCY. You may contact my office during normal business hours to set up a no-obligation free consultation. This consultation must be done in person since we will ask that you sign some papers that indicate that you came to talk with us.

THE INFORMATION PRESENTED HERE IS GENERAL IN NATURE AND IS NOT INTENDED, NOR SHOULD IT BE CONSTRUED, AS LEGAL ADVICE. THIS POSTING DOES NOT CREATE ANY ATTORNEY-CLIENT RELATIONSHIP BETWEEN US. FOR SPECIFIC ADVICE ABOUT YOUR PARTICULAR SITUATION, CONSULT YOUR ATTORNEY.

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Answered on 8/02/08, 4:10 pm


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