Legal Question in Bankruptcy in Michigan

What can I do with my motorcycle with a lien?

I can't afford bankruptcy, I am disabled and have limited income. I had 2 cars repossesed after losing my job. They came and took the cars and it looks like I ows them more money that before they took them. I couldn't afford to pay for my motorcycle. I called the loan company and they said that they weren't interested in coming to get the bike. I stopped paying for it 3 or 4 years ago, hasn't had plates in 2 or three years (really can't ride it anyway). I called a few months ago and they still don't want to come and get the bike and I still can't afford to pay for it. The problem is that I have no where to keep it except keep paying storage fees every month (private storage as I live in an apartment). I am afraid that if I fall behind in the storage they will try to keep the bike. Would I be criminally responsible if that happened? I bought it in Texas and moved to Michigan before falling behind. When I got to Michigan I got plates etc, but no title. Can I sell the bike and send the load company the money? I don't know if I can get what I owe for it. Is it legal to sell it if there is a lien on it? It is a 1999 Suzuki that I bought new in 2001. I would really appreciate any help in my options here.


Asked on 7/13/07, 5:08 pm

2 Answers from Attorneys
Rochelle Guznack Law Offices of Rochelle E. Guznack, PLLC

Re: What can I do with my motorcycle with a lien?

You can't transfer title of the motorcycle with a lien on the title, so I do not know how you would sell it.

You should be able to file for bankruptcy, and that is likely your best option. Even those with limited income manage to come up with fees. My firm can put you on a payment plan whereby you send money at regular intervals to "save" for the fees.

You can contact me at 248.679.1552.

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Answered on 7/14/07, 9:17 am
Audra Arndt Audra A. Arndt & Associates, PLLC

Re: What can I do with my motorcycle with a lien?

You will not be able to sell the bike while it has a lien on it, unless the lien is paid off or transferred to a new owner. I suggest you try to sell it to get rid of the headache.

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Answered on 7/14/07, 1:33 am


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