ExpertLaw.com Forums

Buying Motorcycle from Person About to File

Printable View

  • 02-19-2009, 06:26 PM
    iwh250
    Buying Motorcycle from Person About to File
    My question involves bankruptcy in the state of: FL

    I hope this question is appropriate for the board. This is my first time on this site and it seems to be an active resource. :)

    With that said, my problem is... I am looking at buying a dirt bike from an individual in my state. He is about to file bankruptcy and called his bk attorney before finalizing the sale. The attorney suggested he not sell the bike but also said it was OK if he wanted to. :confused: He mentioned there might be liability towards me and that the trustee can come after (sue) me for the money that they think he should have gotten above the sale price. Although the sale price is only a few hundred below NADA low retail and is similar to comparable dirt bikes. It's a decent deal (nothing special) but I'm really only going through the trouble of asking because it is the make and model I prefer. He has the title in hand.

    If I go ahead and purchase this bike would I be opening myself up problems ahead?
  • 02-27-2009, 08:51 PM
    LawResearcherMissy
    Re: Buying Motorcycle from Person About to File
    I would think any liability would attach to the fellow selling the bike. I've never heard of being able to go after the buyer.

    You'd do well to run this past an attorney of your own, and BK procedures vary slightly from state to state.
All times are GMT -7. The time now is 03:48 PM.
Powered by vBulletin® Version 4.2.4
Copyright © 2023 vBulletin Solutions, Inc. All rights reserved.
Copyright © 2004 - 2018 ExpertLaw.com, All Rights Reserved