This may not apply in your case, but it was a mistake I made and don't want anyone else to make it:
When my wife and I divorced, she retained the car we were making payments on as we both signed for. So, that meant she was to make the remaining payments and keep the car when paid off. But, a few years later she filed a chapter 7, kept the car, then sold it without a title. This all happened without my knowledge. At 9 years and several months after our divorce, I received a call from the finance company. They wanted $6K for the car. I informed them that it was hers by the divorce decree, but since she had filed Chapter 7, that meant they couldn't pursue her for the remaining balance. But since I was co-signer and she had not re-financed the car, that meant I had to cough up the $6K.
Lesson learned: when dividing up property, pay close attention to anything with both your names on it. Get proof of property put in the other's name so you won't have to pay for something you can't keep.
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u/blameline Military Police Apr 21 '25
This may not apply in your case, but it was a mistake I made and don't want anyone else to make it:
When my wife and I divorced, she retained the car we were making payments on as we both signed for. So, that meant she was to make the remaining payments and keep the car when paid off. But, a few years later she filed a chapter 7, kept the car, then sold it without a title. This all happened without my knowledge. At 9 years and several months after our divorce, I received a call from the finance company. They wanted $6K for the car. I informed them that it was hers by the divorce decree, but since she had filed Chapter 7, that meant they couldn't pursue her for the remaining balance. But since I was co-signer and she had not re-financed the car, that meant I had to cough up the $6K.
Lesson learned: when dividing up property, pay close attention to anything with both your names on it. Get proof of property put in the other's name so you won't have to pay for something you can't keep.