Bankruptcy Law Questions? Ask a Bankruptcy Lawyer Now.
Am I in danger of losing the vehicle that is paid off?
Response 1: Yes, because you are only allowed to claim exemption for one car if you are filing as an individual.
If I am in danger, could I transfer the title over to a family member who wants to fix it?
Response 2: Yes.
How long do I have to do that before filing? Thanks again.
Response 3: Two years an one day. See 11 U.S.C. Section 548.
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