Bankruptcy Law Questions? Ask a Bankruptcy Lawyer Now.
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Is the ATV paid off?
Thank you for providing that clarification.
Proof of ownership may not be enough. Being on title of a vehicle that is completely paid off, means that your father conferred an ownership interest with equity to you. This interest (more specifically this equity) is something that your creditors may attempt to attach to in order to recover any money that is owed to them. Even if your father were to prove that he paid for the entire vehicle, if the court is not inclined to let you off title that easily, he may be required to buy out your interest. This is a decision that will be left to the discretion of the bankruptcy court.
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There may be no "next step" to take. Your dad will not get an opportunity to go in front of the court. The situation will probably need to be worked out with your bankruptcy Trustee. Generally, the Trustee will be the one responsible for selling your assets. So, you should receive notice that your asset will be seized. Your next step may involve contacting your Bankruptcy Trustee to see if you have any options.