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Old 08-30-2013, 01:35 PM
kkkeating kkkeating is offline
TT Enthusiast
 
Join Date: Aug 2008
Boat: Mastercraft X-9 2001
Location: Sacramento, California
Posts: 184
Boating Partner Claiming Bankruptcy, Need Help

Our family owns 50% of a boat, 2001 X-9, with another family. They have title, but we have a written contract with them that was executed in 2008. Unfortunately, we never got around to working out the title with DMV. I just learned they're about ready to file for bankruptcy. Is there anything I can to do to protect our assests? My understanding is that once they claim bankruptcy, everything goes to a trustee, and at that point it's outside my control. Any help or recommendations would be appricated.
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