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โˆ™ 2005-04-30 04:25:21
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What is forfeiture

Which of these is the best description of delinquency

Which term is defined as property that is pledged as security on a loan

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Q: Can someone repossess a car without filing for repossession?
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Can you legally repossess your car with a lien on the title?

That is the only way you can repossess a vehicle. Repossession comes under the UCC which grants a lienholder the right to repossess but only if they have perfected their lien by filing it on the title. One caveate is in most states the lienholder can not repossess a vehicle that is under a mechanic's lien without first paying that lien.

When filing for bankruptcy and including the car how long is it before the creditor collects the car and how does that work?

The loan company can repossess any car that the payments are delinquent on. Your BK does not prevent repossession of your car.

What are the NC Mobile home repossession laws?

You can claim EIC if you have the filing status 'married filed separately'.

How much can you pay someone without filing a 1099?

599.00 anything over 600.00 you need 1099

Can you repossess computer equipment from non paying customer without a contract?

In the absence of a contract establishing your legal rights to the equipment, and the buyers payment obligation to you, no, not without a court order. Depending on the value of the equipment you may want to consider filing your action in Small Claims Court.

What will happen if you have been concealing your vehicle from repossession for over three years?

The lender has the option of foregoing repossession and filing a suit against the borrower for the amount owed plus interest, applicable fees and legal costs.

What options are available to owner to repossess rental house from non-paying tenant who has filed ChapterThirteen bankruptcy and continues in possession of rental house?

While I'm not certain how, if at all, his filing bankruptcy controls your options - for sure - it isn't a repossession. That is done when someone defaults on a mortgage and that process changes ownership of the property to the mortgage holder. The mortgage holder then has to evict and take possession of the property.Presuming he hasn't paid his rent (if he has, you have no cause for action), that last step - eviction - is what you have to do with a non paying tennant.

Can your car be repossessed after filing bankruptcy if you are up to date on payments?

On the surface, no. As long as you have not defaulted on the loan contract, there is no reason for repossession. The lender wants your money, not your car.

After filing chapter 7 you did not reaffirm your car loan what happens now?

2 factors: 1. Are you current on your payments? - if you are not current on your payments the creditor will most certainly repossess your vehicle. however you will not be liable for any deficiency amount. 2. Who is the creditor? - Most creditors will gladly continue to accept payments on the vehicle and not repossess it. however some creditors such as Ford Motor company will repossess regardless of whether or not you are current.

If you file a Chapter 13 bankruptcy does that automatically stop a repossession?

YES, its called an AUTOMATIC STAY. ALL collection efforts must stop as soon as they are notified of your filing.

Filing bankruptcy in Florida without a lawyer?

how do you file bankruptcy in Florida without a lawyer

Where to mail 940 without payment?

Where to mail 940 filing

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