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What happens to the brand new car my dad paid for in full and gave to me that is now in my name since I am filing chapter 7 bankruptcy?
Wiki User
∙ 16y ago
It is at risk of being sold and used to pay your debts.
Just like anything else you have of value. The source (a parental gift or whatever) is unimportant.
Be aware, trying to transfer it away from you now can result in criminal fraud charges and wold likely be challenged by your creditors.
Wiki User
∙ 16y ago
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