Ask Experts Questions for FREE Help !
Ask
    snakeboy's Avatar
    snakeboy Posts: 2, Reputation: 1
    New Member
     
    #1

    Apr 25, 2010, 04:18 PM
    Can my father deed his truck to me as a gift after my bankruptcy with no problems?
    I filed bankruptcy in Texas several months ago. I did not own a vehicle. My father now wants to transfer ownership of his truck to me as a gift. Can this be done without any problems due to my recent bankruptcy?
    Fr_Chuck's Avatar
    Fr_Chuck Posts: 81,301, Reputation: 7692
    Expert
     
    #2

    Apr 25, 2010, 05:07 PM

    As long as "if there is some challege" you and your father can prove that he bought the truck and that it was not your truck that he was hiding for you.
    snakeboy's Avatar
    snakeboy Posts: 2, Reputation: 1
    New Member
     
    #3

    Apr 25, 2010, 05:56 PM

    Thanks a lot. No he purchased and paid for the truck himself. The title has always been in his name. I never put a penny into it and he truly wants to gift it to me so I have transportation.
    Fr_Chuck's Avatar
    Fr_Chuck Posts: 81,301, Reputation: 7692
    Expert
     
    #4

    Apr 25, 2010, 07:50 PM

    Yes, of course there is a 99.999 percent chance no person who did not get paid will even follow up with what you are doing, I have only seen them do that in cases where there was some really heated investigation of money being hidden.

    So they will never even know, and as long as it has been finally discharged there is no requirement to notify them of income changes or "gifts"

Not your question? Ask your question View similar questions

 

Question Tools Search this Question
Search this Question:

Advanced Search

Add your answer here.


Check out some similar questions!

Deed Of GIft [ 2 Answers ]

Hi I was wondering if you could help me. I have seen a house valued at 132k, however cannot afford the house as have no deposit. The seller is willing to accept 110k. I have been told by my bank that I could put in an offer of 110k. So my purchase price would be 110k my offer of loan would be 110k...

Deed of Gift [ 1 Answers ]

Can a deed of gift be void if Donee dies after Donor gives to him

Gift Deed [ 2 Answers ]

A friend gifted me a property in California while it was in foreclosure, I made up back payments and now he said it was a "deed in lieu of foreclosure " He said he is going to rescind the contract. There is no contract and am I out of $65,000.00?

Quit Claim Deed or Deed of Gift [ 8 Answers ]

My fiancé and his brother are dividing a couple of properties from their mother's estate. She passed away 6 years ago and they did probate the will during that timeframe. They are trying to establish the best way to divide the property at this time with as little tax penalties as possible. Which...


View more questions Search