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Renny
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Reged: 09/24/11
Posts: 479
Re: a gift to me...
      01/11/12 11:09 AM

"we went and looked at it on august 9th 2010 and since we found out her credit was bad we got it in my name and put the insurance in my name but she is making the payments on it and paying the insurance on it.she did put money on it to hold it until she came back to put the down payment on it."

The loan was made to you but she is making the payments?

In general, all assets and liabilities must be disclosed. At a minimum you had an undisclosed asset (title to the bike) and I think you used marital credit for the purchase even though she repayed you. It isn't a gift in the legal sense.

I doubt anything will happen except more legal fees and general aggravation. Look for an attempt to get more money from you to settle.

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* a gift to me... downnout1 01/11/12 10:57 AM
. * * Re: a gift to me... Renny   01/11/12 11:09 AM

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