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Yes, provided...
- ...the vehicle is securing the loan. In which case the vehicle is not really yours, it is the lender's and they are only rightfully taking back with is theirs.
- ...the lender has secured a judgment against you for non-payment of a debt, you have failed to pay or there is a remaining balance, the lender has taken every option to secure the debt but has not been successful, and petitions the court for liquidation of real assets to cover the debt. But, then they are not really seizing you vehicle, they are getting an order for the vehicle to be perhaps secured by law enforcement or an authorized agent and sold.
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∙ 13y ago
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Could Creditors take your dads car that you paid for because he wasn't able to?
No creditors can not take the car, even if the father can not pay the money for it, as long as you are paying the full money they should not have any trouble.
Can creditors place a lien on a corporation or LLC companies?
car creditors put a lien on an LLC
What are your chances of getting a new car after a repossession 6 years ago?
Creditors look as far back as your CR goes. However, with enough DP and maybe higher interest rates, you can get a new car. You just have to shop around.
Can creditors force you to sell your car if they have a lien on it?
No, they cannot. But if you borrowed money to buy the car, they can repossess it if you do not square things up. If they take it, they can sell it for you, and you will still owe the difference between what it sold for and what you had left to pay on it.
Can creditors take a lien on your bank account?
NO!
Can creditors take my 401k?
No...almost impossible.
If a young unmarried person dies without a will what happens to their car payment and bills?
Creditors can make claims against any estate left by the decedent. If the car loan is not paid the lender will repossess the car. If there is no other estate the creditors are out of luck unless there was a co-signer on any of the accounts. As bills come in the creditors should be notified of the death.
Can a credit card company take your car because you do not have the money to pay them due to your health?
Creditors cannot 'take" anything from a debtor without due process of law.debt.You can do a web search for the bankruptcy laws of your state. That will give you a list of exemptable assets. Cars usually cannot be seized by creditors. Except of course, the financial institution that holds the car loan .If your car is paid for, it may still be covered by a set exemption amount. Creditors prefer to garnish wages and bank accounts. Seizing real property is a costly and lengthy process. It seldom results in enough profit to be worth taking action.
How much can your wages be garnished in NJ?
State and federal laws mandate how much wages can be garnished in New Jersey. Creditors can take up to 25% of wages in New Jersey.
What is the difference between Sundry debtors And Sundry Creditors?
Sundry Debtors are from whom we have to take money and to sundry creditors we owe money.
What is difference between sundry debtors and sundry creditors?
Sundry Debtors are from whom we have to take money and to sundry creditors we owe money.
Can bankruptcy go after warranty Deed with Reserving Life Estate property?
That depends on several factors, especially the time line of its creation, but it may become part of the bankrupt's assets subject to creditors but the creditors may take it subject to the life estate.That depends on several factors, especially the time line of its creation, but it may become part of the bankrupt's assets subject to creditors but the creditors may take it subject to the life estate.That depends on several factors, especially the time line of its creation, but it may become part of the bankrupt's assets subject to creditors but the creditors may take it subject to the life estate.That depends on several factors, especially the time line of its creation, but it may become part of the bankrupt's assets subject to creditors but the creditors may take it subject to the life estate.
