Transfer Car lease before bankruptcy?
May 24th, 2006 by Questions
The lease on my car comes up this August ’06 and I find myself in a situation that may require me to declare bankruptcy.
A family member is willing to take over the lease and will probably buy out the car when the lease is over.
I have a an 8000.00 security deposit on the vehicle and the buy out amount is 6200.00
Would this be a legitimate move if I’m forced to declare bankrupcy in the next few months?
I cannot make the payments and am currently unemployed.
Would this be seen as hiding assets if I am not sure if I’ll have to declare bankruptcy??
Thanks for your help.