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I had made a verbal agreement with my ex girlfriends brother to borrow money to make some payments on loans. I signed my vehicle over to him as collateral untill i payed him back, then he would sign it back over to me. How would this affect myself or him? The vehicle is only worth maybe 1500$ at most.

Posted from: Nova Scotia

One Response to “assest”

A licensed trustee said...

Likely no one will care due to the value of the car – when you speak to a trustee be certain to tell them what you’ve done before you file for bankruptcy – then they can tell you exactly how it might affect your procedure.