Is the car I consigned with my deceased wife mine to keep?

Full question:

I filed chapter 7 bankruptcy and was discharged. My wife passed away not long after and I had consigned with her on a car.Is the car mine to keep?

Answer:

If the car is paid off, it belongs to your wife's estate and will go to her heirs or according to her Will. If the car is not paid off, your bankruptcy does not prevent the lender from repossessing it if the loan is not current. If your wife did not leave a Will and has no children, you are her heir. If there are children, you and the children would share as heirs.

This content is for informational purposes only and is not legal advice. Legal statutes mentioned reflect the law at the time the content was written and may no longer be current. Always verify the latest version of the law before relying on it.

FAQs

Generally, once you are discharged from Chapter 7 bankruptcy, the bankruptcy trustee cannot take assets that you acquired after the discharge. However, any assets you had before filing may still be subject to the bankruptcy process. It's important to consult with a bankruptcy attorney to understand how your specific situation may affect your assets.