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  1. #1
    Join Date
    Sep 2010
    Posts
    478

    Default Re: Is a Car That I Drive but Not in My Name Still "Property of Interest"

    Are you borrowing this car or does the car really belong to you but is titled to someone else?

    1. If you truly do not have an interest in the car (it is borrowed) it is listed in the Statement of Financial Affairs under question 14, "Property held for another person".

    2. If you are the true owner but simply not the titled owner then it is listed on Schedule B showing that you have the "equitable" interest in the vehicle but that you are not on the title. You claim whatever allowed exemption you are entitled to.

    Des.

  2. #2

    Default Re: Is a Car That I Drive but Not in My Name Still "Property of Interest"

    The car was bought about 10 years ago for me to use for school. The title is in my father's name as well as the insurance but I am the only driver. the blue book value for it it $1,930 but it is in poor condition but blue book value only lists up to fair condition.

    I guess you have answered my question. Thank you.

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