How long can a creditor hold vehicle after money has been paid on a repo?
That's not enough information. First, we're not lawyers, you'll need to explain things to a lawyer or go to the bank to see what's going on. Second, it all depends on what the original loan documents said. Once you're past due or in any way violate the terms of the agreement, they can take the vehicle and sell it. If you pay off the loan after that, it's possibly just a bonus for them. Remember that once you have defaulted on the loan, all bets are off and you don't have any real protection under the law.
Must provide debtor with a 14 day notice to cure. Allowing debtor to pay all back money owed. Repo must be peaceful aka no enrty to a home no public disturbance ect. Creditor must hold vehicle 14 days after repo to give debtor opportunity to pay missed payments and fees associated with the repo. Creditor must provide debtor with notice of intent to sell vehicle. Any proceeds of sale go to pay the balance of…
What can the buyer do when they have reached an agreement with the creditor to recover a repossessed vehicle but the repossession company refuses to return personal items or release the vehicle?
Take them to court. * It is possible they are within their legal rights to hold the vehicle and its contents if a replevin order or other court order is in effect. Often the lender's agent cannot release the vehicle until they are informed by the lender that all the reaffirmation documentation has been finalized including checks clearing, insurance confirmation and so forth.
When a repossession notice has been issued for a motor vehicle can the registration be renewed and if the car is pulled over by the police will the police hold the car?
The circuit court sent garnishment payments they received to the creditor after the date they filed the hold on the garnishment due to bankruptcy should I get that money back?
Answer The IRS only seizes personal tax refunds when there are tax arrearages or court ordered child support arrearages. The IRS does not have the power to withhold personal tax refunds for creditor judgments. ACTUALLY THE IRS CAN HOLD YOUR REFUND FOR CREDITOR JUGDEMENT DEPENDING ON THE AMOUNT OF THE DEBT AND IF THE CREDITOR CONTACTED THEM THE YEAR BEFORE IT ALL DEPENDS ON THE TYPE OF CREDITOR
Can an attorney hold monthly settlement checks made out to his client if that clients still owes his attorney a balance?
Unless the attorney has been named the trustee of the settlement account, I would not think so. He can't extort the money from you by unlawfully depriving you of property to which you have a legal right. If you owe him money and he is holding your checks, how the heck does he expect you to pay him if he doesn't give you the money from the settlement? All that aside though, if you owe…
When you file for bankruptcy, all your assets are revealed to the trustee and basically frozen. No, a creditor probably won't put a hold on your savings account after you file but they can until your bankruptcy is discharged. Usually a letter from your attorney saying you have filed bankruptcy will stop this action.
What recourse does lender have after a repossed vehicle is sold and there is still not enough money to satisfy loan?
If a check I deposited clears does the bank have to release the hold immediately or can they keep the hold on availability for the full hold period?
If you owe the mechanic money and have not paid them they certainly can hold the car and I am sure by now you have heard from a creditor at least. If you make no attempt to pay off this debt then yes, the mechanic can sell this car, but you should have been notified. If you weren't then it's against the law! The title on the car can be gotten easily enough. If you…