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If your car gets repossessed and you choose not to pay for it can they take your tax return?
Wiki User
∙ 12y ago
If the lender has placed a judgment against you for the deficit balance (balance left after the car is auctioned/sold), then yes in most states, they can take the tax return and apply it to the balance owing.
Wiki User
∙ 12y ago
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Can the your income tax refund be garnished?
I had a car that was financed through HSBC repossessed last year. It was repossessed. Can HSBC take my federal income tax refund for this repossession?
If you are self-employed and your car gets repossessed how does the bank take action?
The matter is the repo, not your employment. If your car is taken they will auction it off for what they can get and you will be held legally responsible for the balance. Regardless of the amount. Self employed or not. Yes, it is much harder for them to collect from you if you are self employed.
How does a home get repossessed?
A home can get repossessed in many ways, the most common reason is that they owner of the house has not payed the bank the loan that they took out so as to by the house, or that the person hasn't pay many bills so they take the equivalent of the unpaid bills.
If you file for bankruptcy and your car is repossessed can a friend take a loan out for you to purchase a car?
Of course, it won't legally be your car however.
When your house is repossessed can they take your possessions?
If they forclose and you are not out by the deadline whatever is still in it is usually forfeited (generally) but check laws in your state.
Can car be repossessed on locked property?
It can if the lender gets a writ of replevin, the deputy can take it.
If you are a co-signer on a car and it gets repossessed can you take the other person to court?
On what grounds??? Forcing you to co-sign?? NOT
After a vehicle is repossessed and you pay it off in full when does the lender have to return the vehicle to you is it as soon as its paid off or can they take a few days to return it?
If the vehicle is paid it is yours you should not have to wait any amount of time.
Where can one find a good lawyer in Iowa if you wish to sue the bank that repossessed the wrong vehicle and items were missing on return?
IF one has truly been WRONGFULLY repossessed, one should not have a problem finding an attorney to take one's case. One is NOT likely to get rich from this case.
Why is difficult to take a case to the Supreme Court?
The Supreme Court gets to choose which cases it wants to hear, and it doesn't choose very many!!
Do they take a repossessed car to a local lot?
Typically, no.
How can the cosigner of a car immediately have possession of it after it was repossessed by the bank?
When you cosign for anyone you are taking 100% responsibility for the payments on that car. If the person that gets the car doesn't keep their payments up it will be repossessed by the bank with an option for the cosigner to take over payments or sell the car and pay back the loan. Marcy
Can they take your personal property if a used car is repossessed?
yes
What happens when you take a car out of state when it is being repossessed?
YOU are responsible for the car to the loan is payed off. The more it sells far after repo, the less you will have to pay later. get the car back, clean it up, and give it to the lender. WHY??? Folks who drive cars that don't cost them anything usually don't take care of them and the car isn't worth much when it gets to the auction. Basically you are GIVING them money that YOU will have to pay back. Its NOT good.
What prevented phillis wheatley from being presented to George III?
She choose to return to Boston and take care of the ill Susannah Weatley.
Can a car be repossessed when 1 payment is left?
As long as you owe them money they can take it.
Can the your income tax refund be garnished?
I had a car that was financed through HSBC repossessed last year. It was repossessed. Can HSBC take my federal income tax refund for this repossession?
