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Posted in Bankruptcy
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Question By
niterider6721

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0 People Helped
Can a bank seize a car for credit card balaces owed
I am disabled and receive SSI as an only source of income.
I have no properties or investments
My average bank balance is around 500 dollars
I paid out 700 in medical expenses last month
A family member has a car that they want to gift to me that has a value of around 12000
I have been advised that since I have nothing that creditors can take that there is no benefit to declaring bankruptcy
Can I accept this gift or is the bank going to seize it and if so have do I prevent it

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Top Contributor
142 Contributions
65 People Helped

Nope

Thet can't seize the auto for credit card debt.  You are fine

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