What assets are at risk if you voluntarilygive your car back to the finance company?

What assets are at risk if you voluntarilygive your car back to the finance company?

My son is 51 years old and shares an apartment with me. I am 74 years old and on social security. He has kidney failure and has been placed on Social Security Disability. He has had 3 surgeries last week to remove lower limb on left leg. He cannot work. He has a car that he owe 16,400 on. If we send the car back , can the finance company go after his bank account or a second vehicle he owns outright?

Asked on March 5, 2012 under Bankruptcy Law, Minnesota

Answers:

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