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If the asset was sold during bankruptcy to pay creditors and your debts, its gone. Owned by someone else. That's how your debts get paid. Your assets are used. If there aren't enough assets to liquidate and pay your debts, some of the debts may be forgiven. But not always.

Under any circumstances, to get a title to something owned by someone else, you buy it from them. Bankruptcy does not get you things.

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13y ago

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Related Questions

Can you title a salvaged vehicle in Illinois?

Yes you can but the title will say salvage. A salvage title in Illinois means it has been stolen or wrecked and has not yet been inspected or otherwise cleared by the state. You cannot drive or as a private party, own a salvage vehicle. If you do own one, you must contact a Illinois Secretary of State Police Vehicle Inspection Station to start the process to obtain a rebuilt title.


Can you use a bill of sale to obtain a title for a vehicle?

Yes, a bill of sale can be used as a supporting document to obtain a title for a vehicle, but it is not the primary document needed for title transfer.


Where can I obtain a copy of my vehicle title?

You can obtain a copy of your vehicle title from the Department of Motor Vehicles (DMV) in your state. You will need to fill out a form and pay a fee to get a duplicate title.


Can a dealer obtain a duplicate title for a vehicle?

Yes, a dealer can obtain a duplicate title for a vehicle by submitting the necessary paperwork and fees to the appropriate state agency.


If you purchased your car in Wisconsin and then registered it in Illinois do you need a Wisconsin title or an Illinois title to sell it in Wisconsin?

You need the title to be in whatever state you registered the vehicle in.


Can you get sued in Illinois if you gave vehicle and title back to its owner?

no


How do you obtain a vehicle title in your name if the owner of the vehicle has lost the title?

The owner of the vehicle needs to call the DMV and pay for and order a new copy of the title to turn over to you.


How do you obtain a boat title in Illinois if that boat was given to me for free with no title?

you have to go back to original owner and have them apply for lost title


What happens to a vehicle when the title is held by two persons who are not married and one person files bankruptcy?

Vehicles are considered secured property and the debt is not dischargeable in bankruptcy action. The situation cited would not place the vehicle in jeopardy depending upon the way the vehicle title is worded and the exemption status. In such a case it is highly unlikely the bankruptcy trustee would order the vehicle sold. That being the case any decision concerning the vehicle would belong to the lender not the bankruptcy court.


Can you file bankruptcy on a car title loan?

Sure, then the bank will come back and get the vehicle and send it to the auto auction to get as much of their money as they can. Bankruptcy only applies to unsecured loans. The vehicle loan is secured by the title of the vehicle. If you don't pay, see how long it takes the bank to inform you that the vehicle is now theirs.


How do you obtain a title for an abandoned motorcycle in Florida?

Contact the MVD (Motor Vehicle Department) and do a title search. You will need the vehicle VIN and there will be a fee.


Can I use a bill of sale to obtain a title for a vehicle?

Yes, you can use a bill of sale to obtain a title for a vehicle in some states. It serves as proof of ownership transfer and may be required by the Department of Motor Vehicles (DMV) when applying for a new title.