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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