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If your car is repossessed in Arizona can they collect any deficiency or is the debt forgiven when they take possession?
Wiki User
∙ 8y ago
The debt is NOT forgiven. See link below. ArizonaRevisedStatutes
Wiki User
∙ 8y ago
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Is Arizona a non-deficiency state?
Yes
What is the quantity of meth for a possession charge in Arizona?
A usable quantity for simple possession but there is a threshold amount for other charges such as possession for sale.
What are the laws like for gays and pot in AZ?
Possession, use and sale of marijuana are illegal in Arizona, as of 2017. Same-sex marriage is legal in Arizona as of 2015.
What are the debtor's obligations if Arizona chapter 7 secured interest is listed on car with intent to make payments no reaffirmation agreement is signed and car payment is missed and car repossessed?
If the lender repossessed the car while case was pending and you were protected by the automatic stay, the repossession was illegal and you should be able to get the park back by filing the proper motion with the court. If the case is over, you need to make the payments and have adequate insurance to keep the car if you did not sign a reaffirmation agreement. If they legally repossessed the vehicle and sold it, you are out of luck but you are free from paying any deficiency. Consult an Arizona attonrey to determine if the seizure was legal under the laws of your state.
Can anyone under the age of 18 be in possession of matches in Arizona?
Yes
What is the penalty for possession of marijuana in Arizona?
jail and decided how long in court
How do you get the state of Arizona to rep o my car for child support?
It's unlikely that the State of Arizona is interested in taking possession of your car.
In Arizona is there a deficiency balance owed by the seller on real property in a short sale?
I thought that Arizona was a non-deficiency state, but when the bank accepted my offer they alerted me that they would be coming after me for the difference between the sale price and what I owe (which is over $100k). They said that if the house was sold for less than 90% of what you owe, than they have authorization to come after you for the deficiency.
What is the statute of limitations for marijuana possesson in Arizona?
The statute of limitations for possession of marijuana in Arizona is seven years. If the charge is in connection with another crime, it could be longer.
Can they take income tax check if get repossession in Arizona?
They can take whatever the security for the loan was. For example, if you have an auto loan, they can repossess the auto. If you have a home loan, they can repossess the home. If the loan was a recourse loan and the value of whatever was repossessed was less than the amount still owed on the loan, they can get a deficiency judgment in a court of law. If the court grants a judgment, they can they take other assets.
Does Arizona have a deficiency judgment law for repossessed vehicles?
http://www.azleg.state.az.us/FormatDocument.asp?inDoc=/ars/12/00548.htm&Title=12&DocType=ARS 12-548 An action for debt where indebtedness is evidenced by or founded upon a contract in writing executed within the state shall be commenced and prosecuted within six years after the cause of action accrues, and not afterward.
Can you get a repossessed car back by filing chapter 7 or 13 bankruptcy in Arizona?
This would be best answered by a good bankruptcy attorney who knows Arizona law. I believe no matter what you do bankruptcy or not, they will get the car, it does not wipe your credit clean.
