Legal Question in Bankruptcy in Florida

I am getting to the point were because of bad business decsions, I may file bankruptcy in the future,My two kids have cars which was paid with money they recieved over the years in gifts,b day money. value 10-13 thousand dollars. When they started to drive I titled the cars in mine and my exwife name. After reading it seams those assest may be included i my bankruptcy and the kids may lose their cars, One is currently in college the other is next year. If i Transfer title now is the issue


Asked on 7/19/12, 1:32 pm

1 Answer from Attorneys
Stephen Orchard Law Offices of Stephen Orchard

You are doing the right thing addressing this issue BEFORE filing for bankruptcy. These cars would be property of your estate and likely non-exempt, meaning that you would likely lose the cars in your case. Your case requires an attorney. Most bankruptcy attorneys offer free consultations so you should take the opportunity to interview with one before doing anything. Best of luck.

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Answered on 7/19/12, 1:39 pm


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