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Can the creditor garnish your wages after a voluntary repossession?
Wiki User
∙ 18y ago
YES The bank can file suit, receive a writ of judgment and execute the judgment pursuant to state garnishment laws to recover any deficiency or other monies owed relating to the repossession. However, if the debtor has an account at the same bank where the loan is held, the bank probably has the legal right to remove whatever amount is necessary from a savings or checking account w/o the regular lawsuit process. The majority of loans procured through a bank will have a "set off" clause in the contract which allows them to take this action.
Wiki User
∙ 18y ago
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Can a creditor garnish your federal wages?
becuse was the wages
Can a creditor garnish wages and seize money from a bank account in Michigan?
A creditor can garnish wages or attach assets if they have obtained a judgment against the debtor.
Can they garnish your wages for a repo in IL?
The lender may garnish your wages for a judgment against a debt in Illinois, even after repossession.
Can a payday loan company garnish your wages?
No. In the state of Texas a creditor cannot garnish your wages no matter how much is owed.
Can a collection agency garnish wages?
Yes, with a valid judgment any creditor can garnish wages in the majority of U.S. states.
Can a creditor garnish your federal wages?
becuse was the wages
If you have a voluntary repossession and the vehicle sells for less than owed can the lender garnish your wages for the difference?
YES, in most states under most conditions.
Can a creditor garnish wages and seize money from a bank account in Michigan?
A creditor can garnish wages or attach assets if they have obtained a judgment against the debtor.
Can they garnish your wages for a repo in IL?
The lender may garnish your wages for a judgment against a debt in Illinois, even after repossession.
Can a payday loan company garnish your wages?
No. In the state of Texas a creditor cannot garnish your wages no matter how much is owed.
Can a collection agency garnish wages?
Yes, with a valid judgment any creditor can garnish wages in the majority of U.S. states.
Can the bank garnish your wages or put a lien on your house for a voluntary repossession in Pennsylvania?
http://www.pacode.com/secure/search.asp search the PA code vol. will make no difference
If my husband is on social security can a creditor garnish my wages?
Sure.
In Pennsylvania can a creditor garnish your wages or levy your bank account?
They can levy bank accounts in most cases, they cannot garnish wages.
Can a collector garnish your wages in Georgia for a car repossession?
Yes, after due process is followed in accordance with the laws of the state.
Can a lender garnish wages after repossession in North Carolina?
Yes a lender can garnish your wages after a repossession. If the resell value of the item does not cover the cost needed to repay the lender, you are still responsible for paying the balance.
A levy was lifted on the account now the creditor wants to garnish wages Can this be done?
Yes, a creditor can garnish wages even if a levy was lifted on the account. This would require a judgment and the court documents.
