urgent response needed regarding "preference"

05-15-2001, 02:30 PM

pressolgot

Guest

Posts: n/a

FLORIDA:

In 1994 wife bought new vehicle from dealer.

In Nov 1999 wife sold vehicle to friend for $2500.

In Sept 2000 son needed car so wife bought vehicle back from friend for $1500.

In early 2001 friend filed Chapter 7 and at 341 meeting stated no money exchanged hands for vehicle, when in fact it did.

Two weeks ago friend received discharge of Chapter 7.

Last week wife received letter from trustee's attorney requesting either vehicle or equal value within 15 days. He claimed rights under "preference".

What options do we have?
Does he have a case?

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