Monday, February 17, 2014

question is this : I had a vehicle which I did not own a title to because the vehicle was not paid off yet. The car was in an accident, and ...

Question

question is this : I had a vehicle which I did not own a title to because the vehicle was not paid off yet. The car was in an accident, and has been totaled. Besides the DMV paperwork I filled out with a local wrecking company to remove the vehicle from my apartment parking lot what else do I legally have to do to release myself from the liability of this vehicle ?

is Chapter 13 an option to protect myself ?



Answer

You may not have had title, but if you were on record as the registered owner of the car, you can secure a lien release as part of a sale of the vehicle. If you were the registered owner, but not the driver in your accident, your potential liability is limited by statute. Chapter 13 is an option, but an extreme and probably unnecessary one. If you are contemplating bankruptcy you really need to consult a lawyer.



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