It can be done. Its called "§ 14-115. Secreting property to hinder enforcement of lien or security interest. Any person who, with intent to prevent or hinder the enforcement of a lien or security interest after a judgment or order has been issued for possession for that personal property subject to said lien or security interest, either refuses to surrender such personal property in his possession to a law enforcement officer, or removes, or exchanges, or secretes such personal property, shall be guilty of "" in NC. READ carefully..
Another answerer here:
I don't think that's right. I was threatened with some junk similar with my car lender when i was behind. I called my local police and asked them if what they were saying was correct. Turns out if I would have went to jail, I could have sued the car lender for doing that. The guy said the its their duty to get their car without frauding with the law.
Call the police and explain the situation then see what they suggest and go from there.
Legally, yes. But it is unlikely that a creditor would take such action.
The only recourse (legally) would be to file suit against the creditor, seeking payment.
One day.
Absolutely. That's the responsibility you took on as a co-signer: that you would assume payments in the event the primary could not make them. If that person is making payments mutually agreed to by him and his creditor, then they have no reason to coma after you. However, if because of the Chapter 13 he can't make payments, you become legally responsible for them.
As long as the merchandise is not stolen and was obtained legally, it is legal.
most likely, property is property
Legally NO!
LENDERS repo cars. Co-owners on the TITLE, take possession. NOT co-signors on the loan, but CO-OWNERS ON THE TITLE.
ONE day.
When you receive a gift yes you do.
It is legally called a "disclaimer" and it means you do not have any legal possession of it, it cannot be seized from you, it remains part of the estate and it can be distributed to others by the estate. This is sometimes used when an heir has a debt that would completely consume the inheritance, so it is disclaimed rather than be forfeited to the creditor.