Pleasanton, TX Bankruptcy Law Firms & Lawyers

Yes, but such a filing may be subject to challenge. The question is whether you can pay your bills as they come due.  These kind of questions depend a lot on local courts. I'd suggest you visit with a local bankruptcy attorney. They often will even give free consultations. Before you go, scratch our a budget of your bills, income, assets, and debts.  Good luck!

Sometimes an amount has to be paid in a chapter 13 case whether one can afford it or not to reach a goal that the client wants. Sometimes attorneys who receive a flat rate and do not charge by the hour will not respond to client phone calls as they do not make any more money for doing so. Sometimes attorneys do not wish to take over another attorney's case because the attorney that they replace may have messed the case up badly and there will be disgruntled clients that have lost their faith in attorneys in general and therefore will be difficult.

To get the facts straight it sounds like your parents lent you money and you put this in a written agreement whereby you put the car as collateral, however, you never followed up with transferring registration to their name or taking any steps via DMV to show they have a lien on the vehicle? If that's correct, then youre parents have a lien on your car and your car will have less or no equity that needs protecting. The correct step would've been to take care of the transfer simultaneous to when you received the money as that would make it a valid transaction. At this point, it is a little late but I think it should be fine for you to fill out paperwork with DMV showing they have a lien on your vehicle. The Trustee may question the validity of this, wondering you're trying to hide assets, but if you can show that you've been making regular monthly payments to your parents as lien holders and you're treating them at arms length like any other creditor and are not 'preferring' them to any of your other creditors, then you're fine. The issue becomes if they feel like you are preferring family/friend creditors over other creditors or that you're transferring title to the car just to protect an asset and that there is no legit loan. As long as you can prove that there was a secured lien you're fine.