If I file for Bankruptcy, does it only affect my financial situation in the US ? A few years ago I was going to Quebec at least once a month for ski trips with my cousin. He didn’t have a car so I bought one there and let him use it. At the time it cost $10K. I have paid it off but I want to know if I will be forced to sell it and use the money against my debt. Should I consider gifting it to my cousin?