Hi /k/ to summarise without being TLDR here is the situation:
1. I'm a guarantor for my brothers car. (foolishly, it was 5 years ago, expensive lesson learn here).
2. My brother default on the car and with 24k needed to be payed to clear my name.
3. Im going to pay the default in lump sump to clear it.
4. Im not sure where is the car, my irresponsible brother claim that its in a workshop for "engine repair" but wont tell where is the exact locatioin. Hes in East Malaysia now and my mother want to go to the workshop to see whether the car still exist or not, but he repeatedly refuses to do so. (So Im assuming the car is gone now, but im wondering how? and why because its impossible for him to transfer name of the car without clearing bank loan or selling the car).
I want to brainstorm on what approach I should handle this situation to minimize damage on my side. Was thinking of
1. Changing the ownership to my name (however risk is if the car is being used for criminal purpose.). Was thinking of the change name so that i could take control of the car in order to locate it or prevent him from selling it if the car still exist and songlap the money for himself.
2. Any idea how to locate the car?
So what else could I do /k/ ?
This post has been edited by achilleus: Sep 7 2012, 06:27 PM
Car blacklist settlement. (as guarantor)
Sep 7 2012, 06:25 PM, updated 14y ago
Quote
0.0174sec
0.29
5 queries
GZIP Disabled