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What happens if the car owner defaults on the loan gets the car repossessed and then moves to another country without paying the deficiency?
Wiki User
∙ 12y ago
The lender waits and waits and waits. Who can resist Amerika?
AnswerThe lender can still file a lawsuit against the party involved. It doesn't matter if the person can be served with the summons, only that a reasonable attempt was made. In a case where it is evident the debtor is attempting to defraud the creditor the debtor will loose by default. The lender will then receive a writ of judgment to execute against any property the borrower may have left. This includes bank accounts and all other property, as the debtor obviously will not be able to exert their rights to personal property exemption protection. AnswerAnd they are going to spend all this money to collect how much????It is much more likely they will sell the debt and move on.So party on my friend!!!!!!!!!!!!!!!!!Wiki User
∙ 12y ago
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What happens when a country defaults - what are its options?
It can no longer get credit
What are the cosigner's options if the primary defaults on the loan and leaves the country?
To pay the loan.
If someone gets their car repossessed and moves to another country without paying the deficiency can they be deported and forced to come back to the United States?
That would likely depend on the laws in the country they moved to. maybe one should check that BEFORE they move.AnswerNo, the above poster hasn't a clue about much and even less about international law.It always makes more sense to fight than run.The problem with running to another country is you have to pay someone to represent you here otherwise they can get a default judgment against you.Whether they will enforce is it another issue but just remember the world is getting smaller by the day....
What country is the deficiency find in scurvy?
my bum
When the US defaults on its debt does China own your house?
no, but if you're in a different country like Egypt or some other country then yes
Why wont your Chrysler town and country downshift back into first gear?
The transmission computer defaults to second gear when it detects a malfunction and sets a code.
What if you refuse to allow your car to be repossed?
If it is to be repossessed legally then you are guilty of an offence. The offence and the penalty would depend on the circumstances and the country in which you reside.
How can you get in another country?
You go to get a transport to get into another country
What is a word for a country that is friends with another country?
A country that is a 'friend' of another country is called an ally.
Is any country have the highest rates of deficiency diseases and why?
Type your answer here... u answer me.im asking this question from u
How do you unlock country code of 5610 nokia mobile using in Asia?
By 'unlock' did you mean the PIN or Security code? By defaults PIN - 0000 Security Code - 12345
When was In Another Country created?
In Another Country was created in 1927.
