401k's can be seized for child support. For college payments or attorney's fees, not likely.
around 37,000 rupees annually including dorm and food
Late fees can be incurred for utilities payments that are not made on time. These terms will vary depending on what utility company is used, and they should be contacted to learn what late fees and penalties they charge.
If the payment is received after the due date, late fees can be charged.
No, of course not.
yes
Sure
Probably not. Just as you can't claim ownership of property to which you have no title.
Yes, late fees indicate that payments were not made on time, which renders the original agreement invalid and allows the lender to repossess the vehicle if they so choose.
YES
Late payment fees are agreed upon by you when you sign the finance contract, yes you owe the additional money as long as their addition of the fees is within the guidelines stated in the contract.
You must be making the payments to claim the interest. However, if you are not on the mortgage there could be an issue.