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If I declare bankruptcy, the debt will be nullified, but will the loss of license still stand?
It seems the details are in his other post. If I recall, he co-signed for the vehicle with his wife during marriage. While the vehicle was deemed to be in her sole possession under the divorce decree, his name remained on the title as a joint owner. He is claiming that is ownership interest is the same as rental companies under the "naked legal title" exception. It would appear that his ex wife must have been involved in an accident and he's being sued as a joint owner of the vehicle.By the way, you never explained how this lawsuit came about. Are you a co-owner of the car? Weren't you covered by the car insurance?
It seems the details are in his other post. If I recall, he co-signed for the vehicle with his wife during marriage. While the vehicle was deemed to be in her sole possession under the divorce decree, his name remained on the title as a joint owner. He is claiming that is ownership interest is the same as rental companies under the "naked legal title" exception. It would appear that his ex wife must have been involved in an accident and he's being sued as a joint owner of the vehicle.
Or the potential for a bankruptcy filing could be significant leverage for a quick settlement of the suit against him (but will still leave the plaintiff to pursue the wife.)In any case, a BK filing ASAP, could be extremely helpful.