Legal Question in Bankruptcy in Ohio
question about bank loan
We're filing ch7 bankruptcy, and we have a bank loan where there was a lein on our both of our cars. We decided to voluntarily have our cars repossessed. They want to make sure we sign the titles over to them before we complete our bankruptcy. Why? How will this affect our bankruptcy? I just wanted to make sure I haven't made a mistake, and if so how to fix it. Thanks.
Asked on 8/31/06, 12:01 pm
1 Answer from Attorneys
Frank Rozanc
Frank J. Rozanc, Esq.
Re: question about bank loan
Before you sign the titles over, make sure that you let your attorney and bankruptcy trustee know what is being asked of you. However, signing over the title will reduce the amount of additional costs that might be incurred.
Answered on 8/31/06, 12:32 pm
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