Asked 10/5/2010
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Can more than 1 vehicle be exempt in a chapter 7 bankruptcy in PA? I have 3 vehicles titled in my name but 2 of them belong to my 2 sons. We haven't had the money to change the titles since the cars were purchased before they had their drivers licenses. They are mid 90's cars so they are obviously not worth more that a few hundred dollars each but they are their transportation to their jobs. Can they be exempt under the Pa wild card? If not, Is there another way to save them? |
Answer 1/3 - Submitted 10/6/2010
Answer 2/3 - Submitted 10/11/2010
All of the vehicles are used and range from 1994 to 1996 and paid off but my concern is will they take them to try and use the money in an atempt to pay off some of the debt . These are the vehicles we each use to get to work . My main concern is that they will look at this in a legal sense because they are registered in my name but technically belong to 3 different people and are used to get to their jobs.
Answer 3/3 - Submitted 11/12/2010
What state are you in? and how long have you lived in that state? and have you done the means test to see if you qualify for chapter 7. after you answer these questions , i can help you. but yes, it is possible depending on the value. do you owe any money on any of the vehicles? an dhave you filed yet? or talked to a BK atty?
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