Can one owner of a car that the title reads "or" sell or trade it if the other owner is going to file bankruptcy soon?

Can one owner of a car that the title reads "or" sell or trade it if the other owner is going to file bankruptcy soon. My husband is going to buy a new car and is going to trade the car that has both our names on the title as "or". I have hired a lawyer to file bankruptcy for my business.My husband is not filing bankruptcy.

Will this be considered fraud or what kind of problems will this cause if he trades this before the bankruptcy is started. When he buys a new car my name will not be on the title. Please let me know what to do.

I will try to contact my lawyer next week to answer this but I will be crazy about this before then. Asked by bearcreek10 31 months ago Similar questions: owner car title reads sell trade file bankruptcy Politics & Law > Law.

Similar questions: owner car title reads sell trade file bankruptcy.

You each own the car, totally and separately if it reads 'or'... If the title to the vehicle read 'AND', then you would both own it JOINTLY...and would both have to sign the title to sell it or trade it in..... but When the title is written with 'OR'...then either one of you can sell it or trade it in without the signature of the other. I'm certainly no lawyer, but, it would seem to me that...unless you have claimed that vehicle as a 'business expense' on your income taxes...and depreciated it over the years...then the car should not even be a consideration in your business bankruptcy case. And, too...the car is owned by you OR your husband, not with title in the name of the business... But, not knowing the details, I don't know if you are filing 'personal' bankruptcy' or if it ONLY the business... But, it should be OK for him to trade the car in.....as long as it's not an 'asset' of your business.

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Depends It depends on the kind of business. If it's incorporated, a business bankruptcy will not affect your personal finances. If it's an individual proprietorship or partnership, then your personal finances are involved, and buying a new car will complicate things.

I suggest your husband hold off until things are cleared up.

If so then they can not touch you. If not, then I think all of your assets (excluding the car and house will be subject to liquidation) including your husband's assets since you are married. Depending on the amount you owe you may not want to choose bankruptcy.

I had about $5,000 in outstanding debt and my lawyer told me not to even file for bankruptcy. She said I was a "turnip case". Anyway, I could be totally wrong about all of this.

There are sites on the web in which you can ask legal questions but not free. You could maybe do some social engineering and get them to answer your question and then decide that you will not accept the answer (and thus not have to pay them). That's up to you of course, like downloading copyrighted music for free.

2 Sorry, I think I may have totally side-stepped the question.

Sorry, I think I may have totally side-stepped the question.

3 If the title says "or" he can do what ever he likes with it. Will it have an impact on your bankruptcy filling? Only a lawyer in your state can answer that.

If the title says "or" he can do what ever he likes with it. Will it have an impact on your bankruptcy filling? Only a lawyer in your state can answer that.

My car is financed through the dealer but I have the title. Would I be able to sell my car even though I owe money on it" "Have a title on a car that has a lien and the previous owner is deseased. Can this be removed?" "i bought a car from a private owner but I never regerstied the.

Car. In my name but then I lost the title" "Can someone other than the owner sell me a car, if the owner signed the title?" "can I sell my car without the title? " "While I was in prison, the 2nd owner of the vehicle forged my signature on the title and sold my car.

" "if my car is stolen and my title is in it can someone sell it" "IF I SELL A CAR TO SOMEONE CAN THEY TRADE IT IN WITHOUT CHANGING THE TITLE? THEY STILL OWE MONEY AND DONT HAVE THE CAR. " "If there are two people on a car title/loan, can one person trade the car in on their own?

" "If I trade my car to a dealer what is my responsibility on the trade in title? If they need a duplicate should I pay?

My car is financed through the dealer but I have the title. Would I be able to sell my car even though I owe money on it.

Have a title on a car that has a lien and the previous owner is deseased. Can this be removed?

I bought a car from a private owner but I never regerstied the. Car. In my name but then I lost the title.

While I was in prison, the 2nd owner of the vehicle forged my signature on the title and sold my car.

If my car is stolen and my title is in it can someone sell it.

They still owe money and don't have the car.

I cant really gove you an answer,but what I can give you is a way to a solution, that is you have to find the anglde that you relate to or peaks your interest. A good paper is one that people get drawn into because it reaches them ln some way.As for me WW11 to me, I think of the holocaust and the effect it had on the survivors, their families and those who stood by and did nothing until it was too late.