Keeping a motorcycle
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
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.