Bankruptcy and protecting the fulltime RV

[artro]

We're fulltimers. My girlfriend included
ny name on the title of our coach (98 Newmar),
it was listed as 'her name OR my name', though
hers is the only social security number used.
Paid for with her money. The coach is free
and clear. Now that I am contemplating bankruptcy, I am concerned that I may
be liable for half of the coach, and
I plan to get my name off the title asap.
I really need knowledge and help here.

Any lawyers out there up to speed on
California bankruptcy law?

thanks very much

Art

[artro]

We're fulltimers. My girlfriend included
ny name on the title of our coach (98 Newmar),
it was listed as 'her name OR my name', though
hers is the only social security number used.
Paid for with her money. The coach is free
and clear. Now that I am contemplating bankruptcy, I am concerned that I may
be liable for half of the coach, and
I plan to get my name off the title asap.
I really need knowledge and help here.

Any lawyers out there up to speed on
California bankruptcy law?

thanks very much

Art

[Disney Campers - Scott]

I'm not a lawyer, If you have an ownership interest in the coach it will most likely have to be declared as an asset. Are you considering chapter 7 or 13?

[Ray,IN]

artro, the reason your post appears this way is because you selected "poll" instead of "discussion" under the "New" button. With changed bankruptcy laws I have no clue, and legal stuff if somewhat foreign to me. I do seem to remember reading that under some bankruptcy proceedings you cannot be made homeless. Your RV is your home right? Another option is to relinquish your interest in the MH prior to filing.

[JRP]

art,

although the upper level rules and regulations for bankruptcy are controlled and structured by the federal government; many of the lower level rules and "exceptions" are controlled by state law, and vary state to state.
As long as your RV is clearly your primary residence, it would likely be exempt, up to a specific value. The amount of that exemption is limited depnding on your age, marital status, and whether ownership is community property or tennants in common. There are also other federal exemptions for different types of assets. these federal & state exemptions define what, how much and up to what value of property, belongings, assets, investments, benefits, etc., that you are entitled to keep outside the bankruptcy proceeding.
check out the California Exemptions list at this web site: Ca Bankruptcy Exemptions

Jim