Transfer of Property

In August of 06 my son's driver's liscense was suspended. Because he had a loan on his car he was required to carry fully insuracne which was very expensive. Since he would not be driving I paid the car of and put it on my insurance as a nonop. The title was tranferred to me in October 06. At this time he was not driiving and was not considering bankruptcy. Later he decided to file for bankruptcy. It was filed in September of 07 and completed January 08. During this time he got his liscense back and got a job and required transporation. I have been letting him use the car. We both have insurance on it. I would like to sell the the car back to him and get my name off the title. Can I do that or would it appear that the transfer was because of the bankrupty? Is there an amount of time th at would make this permissable.

Has the bankruptcy been discharged? You say "completed"--if it discharged, then I assume he is free to begin establishing credit, or is free to purchase another vehicle. However, with the new bankruptcy laws and their tenor , I would use caution.

The best thing to do is to speak with your bankruptcy attorney, if you have one--and ask him or her how to proceed.