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  1. #1

    Default Lost My Car, What Next

    My question involves bankruptcy in the state of: idaho
    I lost my car two weeks ago and I was up side down about 22,000$ I am guessing they will come after me soon! So this is what I plan to do tell me if I should do something different! I am going to sign my cars over to my dad I own them them both and each blue book for about $ 5,000, then I plan to buy a house using my wifes credit. I plan on just waiting for them to come after me then my wife and I will claim bankruptcy on all of our card and the car loan!
    What should I do???

  2. #2
    Join Date
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    Default Re: Lost My Car What Next

    Quote Quoting whydowebailoutbanks
    View Post
    My question involves bankruptcy in the state of: idaho
    I lost my car two weeks ago and I was up side down about 22,000$ I am guessing they will come after me soon! So this is what I plan to do tell me if I should do something different! I am going to sign my cars over to my dad I own them them both and each blue book for about $ 5,000, then I plan to buy a house using my wifes credit. I plan on just waiting for them to come after me then my wife and I will claim bankruptcy on all of our card and the car loan!
    What should I do???
    I will tell you what NOT to do.

    Do NOT transfer assets to hide them from creditors. This can be considered bankruptcy fraud and it can land you in prison for 20 years.

    I suggest you contact a bankruptcy attorney in your area before you do anything. This site can put you in touch with one.

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