I have two judgements against me. For insurance purposes, my daughter's car is in my name. I want to put her car in her name, will that be a...

Question

I have two judgements against me. For insurance purposes, my daughter's car is in my name. I want to put her car in her name, will that be a problem.

Answer

It could be depending on the value of the vehicle. Under the fraudulent transfer statutes, if you have judgments and transfer property out of your name, there is a presumption that you did it to hinder the creditor. Speak to a debt collection defense attorney before you make any transfer.

Answer

Mr. Love is correct. You should speak to an attorney about the entire situation before just making the transfer.

Answer

You need to resolve the judgments before transferring any assets. Not only is there fraudulent transfer laws referenced by Attorneys Love and Coleman but the judgments have attached and will stay with the transferred item.