We need a few more facts before an answer can be given. Is this happening or is someone from the lending company making this threat? Also just because someone sues you for a large amount doesn't mean they will get that amount or anything close ....or anything at all. What was interest rate on your loan?
A motorcycle that was paid for on a credit card can not be repossessed considering the credit card company paid the dealer. You must pay the card company back though or they can take you to court.
Yes, if they receive a court judgment in most states it can be used as a wage garnishment.
Some do, most do not.
Jam Recovery Inc.
It depends on what you mean. Do you mean from someone (a third party) who purchased your car from the finance company after the finance company repossessed it from you? If so, there's not really too much you can do other than find the person and make them and offer.
Yes. If the payment is made to the finnance company.
No
Can a California Limited Liability Company be forced to pay a judgment
You can be sued by the finance company to recover any money still owed to them after they auction the repossessed mobile home.
Yes.
No Way. Its Your Stuff !
Sure is, they can get a judgment for the balance due on the loan minus what the car sold for PLUS any fees incurred(repo,attorney,auction,ect.) It should be in the contract you signed.