Legal Question in Family Law in Florida
Divorce & joint car loan
My soon to be ex was arrested, left car in impound to be auctioned off, a 2007 Chrysler Aspen that is jointly owned by both of us, but insured in only his name. In order to save my credit, I paid to get it out of impound & now have it in my possession, however, he as dropped insurance on it, which puts my drivers license in jeopardy of being suspended. What are my options with the auto? I can't afford the loan or insurance, have my own car & insurance, and do not want this vehicle. Should I voluntarily surrender it to the bank?
1 Answer from Attorneys
Re: Divorce & joint car loan
A "voluntary surrender" shows as a repossession on your credit and counts as the same, but I suppose you have to do what you have to do if you can't afford the car and the insurance.
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