Keeping a motorcycle

September 30th, 2008 by Questions

I have a motorcycle as my only vehicle. It was purchased through financing in 2006 with my mother as the co-signer. Will I be able to keep this as long as I continue to make my payments? Will my mother find out I have filed for bankruptcy?

Posted from: Ontario

Questions

One Response to “Keeping a motorcycle”



October 01, 2008 at 7:22 am, A licensed trustee said:

A couple of things… if you file for bankruptcy your trustee will not be interested in the motorcylce as long as the lender registered a proper lien on it. Depending on who the lender is though, they may not allow you to keep the bike if you file for bankruptcy. You’ll need to check with a trustee in your area to see what the lenders do where you live.

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