FILL OUT THE FORM BELOW AND RECEIVE A NO-OBLIGATION CONSULTATION

"*" indicates required fields

Company

This field is for validation purposes and should be left unchanged.

Name*

Phone Number*

Email*

This field is hidden when viewing the form

What's the best time to contact you?*

Location*

What city do you live in?*

Total Unsecured Debt*

*Unsecured debt includes credit cards, lines of credit, bank overdrafts, payday loans, and unsecured personal loans (excluding student loans). It does not include mortgages and car loans.

This field is hidden when viewing the form

Source

How can we help you?

If you have unsecured debt of under $10,000 and live in the Province of Ontario filing bankruptcy may not be the best option for you. We suggest you contact the Office of the Superintendent of Bankruptcy at 416-973-6441 to discuss your options, or you can visit their website here.

Agreement*

I understand that Bankruptcy-Canada.ca does not provide debt relief services directly and agree to securely share this information with a local Licensed Insolvency Trustee (LIT) for a free, confidential consultation.

Select Trustee By Province

question about a car

my sister lent me money from their credit line to buy a car—I still owe them six thousand dollars on the car– we had an understanding that if I could not pay for the car they would take it and sell it-or have the first right to it . My question is –
What paperwork do they have to do to make sure they have that right so the car would not be taken by the other creditors?

Share this post:

X (Twitter) Facebook Pinterest LinkedIn Email

One Response to “question about a car”

Barton Goth, GCO Inc. Bankruptcy Trustees said...

Essentially a purchase / security agreement would have to be drawn up that identifies your sister as a secured lender. Then this security would have to be registered with provincial registry system.