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What else can I help you with?
Does Oregon have a law against defrauding a secured creditor?
Look at ORS 164.135 (c) (2), does that qualify???
Defrauding a secured creditor law in Texas?
In law 48, what is a creditor? Is law 48 fair to creditors?
Can you be served a warrant for hindering a secured creditor?
I am not sure how it is for each state, but I do know that in the state of Tennessee it is a Class E felony and warrants can be served if everything meets the criteria of "Hindering a Secured Creditor".
What makes a secured creditor a secured creditor?
A secured creditor is one who has a contract with you that says if you fail to pay, the creditor can take a specified item you own to satisfy the debt. Most common are purchase-money loans, such as mortgages or car loans, but it can be any item.
Is there any law or ordinance in Missouri against someone hiding their vehicle from the repo man?
Stealing and Related Offenses Section 570.180 Defrauding secured creditors. 570.180. 1. A person commits the crime of defrauding secured creditors if he destroys, removes, conceals, encumbers, transfers or otherwise deals with property subject to a security interest with purpose to defraud the holder of the security interest. 2. Defrauding secured creditors is a class A misdemeanor unless the amount remaining to be paid on the secured debt, including interest, is five hundred dollars or more, in which case defrauding secured creditors is a class D felony. (a) It is a class A misdemeanor if the authorized imprisonment exceeds six months in jail; (d) It is a class D felony if the maximum term of imprisonment is less than ten years; Chapter 557 General Sentencing Provisions Section 557.021
What does secured loan?
A secured loan is a loan in which the borrower declares an asset (e.g. a car or property) as collateral for the loan, which then becomes a secured debt owed to the creditor who issues the loan. The debt is thus secured against the collateral - in the event that the borrower defaults on the loan, the creditor takes possession of the asset used as collateral and may sell it to satisfy the debt by regaining the amount originally lent to the borrower.
What happens when a creditor does not file a proof of claim for a secured debt in a bankruptcy case?
A secured creditor does not need to file a such a claim, the lien against the property is sufficient proof. Generally the lien holder/lender will ask for the automatic stay to be lifted so foreclosure or repossession action can continue or be implemented against the property. In a chapter 7 bankruptcy the borrower must be able to reaffirm the secured debt to avoid recovery or litigation action from the lender.
What does hindering a secured creditor mean?
Hindering a secured creditor means hiding or concealing property that is theirs. It can also mean not releasing information about a debtor that you would know.
Can the IRS seize property that Quit claim deeded to your spouse?
If they can prove that you quit claimed it just to move it out of reach of creditors, yes. That comes dangerously close to defrauding a secured creditor, especially if they had a lien in place already. If you had a legitimate reason to quit-claim it, you may be able to make an argument.
What are the rights of the secured creditor?
To receive the proceeds, before others, fom the sale of the secured property.
What can a creditor do if you stop payments on a secured loan that was not reaffirmed?
Repossess or foreclose on the secured property if the agreement is in default.
Can creditor go after you discharged in court for a secured item?
A creditor cant take you to court over a secured debt. However, if they have a security interest in any of your property, they can still foreclose on that property.
