Personal Bankruptcy HELP! Asset and vehicle confusion!

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Katrina122604

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I was hoping someone who might have been in a similar situation or has any knowledge of what to do may be able to help us out. We're filing Chapter 7 bankruptcy. My husband has a truck. When he purchased the truck his grandmother was the buyer and my husband was the co-buyer. The registration is in his grandmother's name, but the insurance is in his name. We have not made any payments to his grandmother since February (he would always send payments to his grandmother and she would make the payment). His grandmother has been making the payments since and we will be giving the truck back to her since she has been making the payments (technically it's hers anyway). How do we handle this on the asset part of Schedule B? We're filing ourselves because we can't afford an attorney. I'd appreciate any input, thank you!
 
You will still list the finance company as the creditor and list you are surrendering your interest in the truck -- you should also list that grandma has the truck--- His grandma will now be fully liable for this truck
 
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