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Yes. After the vehicle is repossessed it is sold at auction, usually not for very much money. The sales amount is applied to the loan balance then the borrower is still responsible for the rest of the money. If it isn't paid, the courts will often allow the lending institution to garnish wages to get payment. It's usually best to just pay the debt as promised.

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โˆ™ 2006-03-08 16:42:26
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Q: Can a repossession result in a garnishment of wages?
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Related Questions

Can they garnish the wife's wages for a repossession in Florida if the husband is out of work?

YES, if they get a judgment against you, garnishment is next.


Do they garnish your check after a reposession?

They will only if the remaining balance after the repossession and auction goes to litigation and the judge orders the garnishment of wages.


Can your wages be garnished for the repossession of a vehicle in Louisiana?

If the lender decides to sue the borrower and wins a judgment, the judgment can be executed as a wage garnishment


Can a auto finance company garnish your wages in a repossession?

Yes, if they obtained a judgment in the processes. No employer will release wages to a third party without a valid order of garnishment however.


Can wages be garnished in State of Texas for car repossession?

YES businessjournal.net txsheriffs.org Employer reimbursement for garnishment: Texas law now allows an employer to charge $10 per paycheck or the actual cost of processing of a garnishment of an employee's wages for such things as IRS liens, judgments, etc. No, they cannot. Wages are exempt property in Texas under the property code and are not subject to garnishment.


Vehicle repossession in Texas and wage garnishment?

TEXAS PROHIBITS ANY CREDITORS FROM WAGE GARNISHMENT...THEY DO NOT ALLOW IT...THE ONLY PEOPLE THAT CAN GARNISH YOUR WAGES IN TEXAS ARE STUDENT LOANS, IRS, CHILD SUPPORT....YOU CAN GOOGLE TEXAS WAGE GARNISHMENT AND PRINT OUT THE INFORMATION...


Can Social Security wages be garnished to pay for a car repossession?

No, all SS benefits are exempt from garnishment or attachment for creditor debt of any sort.


If they ganish your wages then you quit your job what can they do then?

NO, wages, NO garnishment.


What is a court issued attachment?

A judgement given by a court to take money directly out of a persons income (wages) as a result of a court case - it is a garnishment on wages.


Will bankrupcy stop a garnishment?

Will bankruptcy stop a repossession


Condo that's going to foreclosure with a 2nd on it can the 2nd bank garnish your wages?

Probably. Any debt you owe, if unpaid for a period, can result in garnishment of your wages.


Can a lender garnish your wages after a voluntary repossession in Georgia?

Yes, if the lender wins a lawsuit judgment they can execute the judgment as a wage garnishment. Georgia follows federal garnishment guidelines of a maximum of 25% of disposable income with the first $154.50 (weekly based) being exempt from garnishment action. A valid garnishment is generally imposed until the debt is paid.


Can a private student loan garnish wages?

Yes. Any consumer debt can seek a judgment and as a result enact a garnishment.


Does the state of Texas allow garnishment of wages for child support?

I'm not aware of any State that doesn't provide for garnishment of wages for child support.


If you go on disability can you still be garnished by a sheriff or creditor even though the garnishment has already started?

Garnishment orders apply to wages or in some cases bank accounts. Sheriff's do not garnish wages they just serve the garnishment order. If you are not being paid by an employer there are no wages to be garnished. Disability benefits are exempt from creditor garnishment. They are not exempt from garnishment for tax arrearages or child support.


What are automobile repossession wage garnishment laws for Alabama?

=purple and black=


Can wages be garnished for a repossession in Texas?

Texas law only allows wage garnishment when the judgment creditor does not have other means for collecting the debt owed. If the debtor has a bank account or non exempt property that can be levied, seized or a lien placed by a judgment, wage garnishment is not allowed.


How can you stop garnishment from your wages from student loans?

This company can help you stop the wage garnishment: www.defaultms.com


Owe Capital One 1300 and aspire 950 can they garnish your wages?

A person's wages can only be garnished after due process of law. A lawsuit won by the creditor will result in a judgment award which may possibly be used as a wage garnishment. Four states do not allow the garnishment of wages for creditor debt, they are Texas, PA., S.C. and N.C.


Can a bank garnishee your wages after a repossession?

Yes


Are tips included in wages for a garnishment in Michigan?

Tips are not included in wages that are garnished in Michigan unless they are reported as your income. If they are reported, than the up to 25 percent garnishment comes out of that.


In Ohio can your wages be garnished for a car repossession?

yes


Can Virginia garnish your wages for an auto repossession?

Your wages can be garnished for an auto repossession if there is a court order. All wage garnishment's must be obtained from the county court of your residence.


Does new york allow garnishment of wages?

Generally, yes.


What happensto garnishment if fired from job?

It is dissolved; there are no wages to garnish.