The Law Office of Mark J. Markus | Mark Markus
Whether any asset can be taken from you in a Chapter 7 case is a function of what exemptions you have available to you under applicable state or federal law. This depends on where you have lived for the 2 years prior to filing your bankruptcy case. A gift to you is no different than an item you purchased. You either own it, or you don't.
Answer Applies to: California
Ariano & Reppucci | Chris Ariano
Your truck should not be taken if it is not in your name. Essentially it is not a gift if the person giving the gift has not transferred the title over to you. However, you will have to disclose that you are using the vehicle.
Answer Applies to: Arizona