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If a vehicle was repossessed in a state that does not allow the garnishment of wages can the lender try to garnish your income if you move to a different state?
Wiki User
∙ 17y ago
Yes, they can. They want their money any way they can get it. It would be best if you make the arrangements that you feel you can afford and they will accept--Rather than 1. the embarrassment of people at work knowing this is happening and 2. seeing a chunk of EVERY paycheck going to the bill until it is paid off. (the amount deducted will depend on what state you are in--ex. New York--it is a simple 10% off the gross of every paycheck or bonus, Kentucky has a formula they use and one stands to lose a lot of their net even if you are the only bread winner.) Check the following link for your state http://www.bcsalliance.com/y_debt_statelaws_garnishments.html * The lender would have to file suit in the debtor's new state and if awarded a judgment enforce the judgment as a wage garnishment. If the lender chose to file an abstract judgment using the one that was awarded in a previous state such a judgment can only be used as a lien against real property owned by the debtor, not as a wage garnishment.
Wiki User
∙ 17y ago
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Will filing bankruptcy avoid garnishment after a vehicle is repossessed in Tennessee?
If filed in a timely manner. But have you considered the LASTING effects of filing?
Vehicle repossession in Texas and wage garnishment?
TEXAS PROHIBITS ANY CREDITORS FROM WAGE GARNISHMENT...THEY DO NOT ALLOW IT...THE ONLY PEOPLE THAT CAN GARNISH YOUR WAGES IN TEXAS ARE STUDENT LOANS, IRS, CHILD SUPPORT....YOU CAN GOOGLE TEXAS WAGE GARNISHMENT AND PRINT OUT THE INFORMATION...
Can a repossessed vehicle be moved to a different county?
Yes, it can.
Does the state of Texas allow garnishment of wages for a repossessed vehicle?
garnished wages in Texasno the state of Texas does not garnish wages for no debts unless it is IRS related or student loans or anything dealing with government loans.
Can my insurance co. disability payments or my workers comp payments be garnished for a vehicle reposession?
They might be able to garnish your payments for the money that you owe them , but nothing more since vehicle has been repossessed.
Can a creditor garnish your wages for a vehicle that they have repossessed?
Yes. There's a process they have to follow, which includes getting a court judgment against you. If you don't hold to that judgment (which is usually paying back the money owed), they can ask the court to garnish your wages.
Can a disabled person's vehicle be repossessed in Florida?
A disabled person's vehicle can be repossessed just as any other person's vehicle can be repossessed. You must make all payments on your vehicle if you want to keep it.
Can your wages be garnished for a vehicle that was repossessed 7 years ago?
A creditor cannot garnish your wages unless they file a lawsuit and obtained a judgment against you. The time deadline to file a lawsuit will vary by state.
Can your vehicle be repossessed if you are awaiting to be paid by the federal government?
It depends on you locatily, but in general, yes, if you are behind on your payment, your vehicle can be repossessed.
If you file Chapter 13 and change your mind and your car is repossessed will the IRS take your taxes for the car?
NAKEI, I dont KNOW the answer but I dont see why they would. How would repoing your car give you any income for the IRS to tax?? Is a collector/repo person threatening you?No, the IRS will not take your taxes, on a repossessed vehicle or other property. However, the lender does have various legal options to get money owed them by an individual. This includes the ability to file a claim with the courts to garnish your wages and even your tax refunds.You should check the laws in your state regarding "garnishment" because not all state allow for wage garnishment and that may also affect where your tax refunds can be garnished.
Can a bank take your other assets after repossession of vehicle in Ga?
Our company that refinanced the vehicle is threatning to garnish wages and garnish our other vehicle (of which is paid for) and other assets.
Who retains ownership of a vehicle that was repossessed when the borrower has his wages garnished for money still owed?
The lender owns the vehicle and is required to sell it at a public auction for as close to the market value as is possible. It is likely the judgment wage garnishment is a result of money still owed on the original loan amount plus fees that were not covered in the sale of the vehicle.
