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The debt is NOT forgiven. See link below. ArizonaRevisedStatutes

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βˆ™ 2015-07-15 19:40:35
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Q: If your car is repossessed in Arizona can they collect any deficiency or is the debt forgiven when they take possession?
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Related questions

Is Arizona a non-deficiency state?

Yes


Is possession of marijuana a misdemeanor or a felony in Arizona?

It depends entriely upon the amount you have in your possession.


What is the statute of limitations for a drug possession in Arizona?

For drug possession with intent to distribute, like most felonies, Arizona has set the limit at 7 years. Murder and sexual assualt have no limit.


Can anyone under the age of 18 be in possession of matches in Arizona?

Yes


What is the penalty for possession of marijuana in Arizona?

jail and decided how long in court


What are the laws like for gays and pot in AZ?

Possession, use and sale of marijuana are illegal in Arizona, as of 2017. Same-sex marriage is legal in Arizona as of 2015.


How do you obtain real property in Arizona by adverse possession?

There are many different aspects to adverse possession law in Arizona. You can read about it in Sections 12-521 through 12-529 at the related link.There are many different aspects to adverse possession law in Arizona. You can read about it in Sections 12-521 through 12-529 at the related link.There are many different aspects to adverse possession law in Arizona. You can read about it in Sections 12-521 through 12-529 at the related link.There are many different aspects to adverse possession law in Arizona. You can read about it in Sections 12-521 through 12-529 at the related link.


How do you get the state of Arizona to rep o my car for child support?

It's unlikely that the State of Arizona is interested in taking possession of your car.


What are the debtor's obligations if Arizona chapter 7 secured interest is listed on car with intent to make payments no reaffirmation agreement is signed and car payment is missed and car repossessed?

If the lender repossessed the car while case was pending and you were protected by the automatic stay, the repossession was illegal and you should be able to get the park back by filing the proper motion with the court. If the case is over, you need to make the payments and have adequate insurance to keep the car if you did not sign a reaffirmation agreement. If they legally repossessed the vehicle and sold it, you are out of luck but you are free from paying any deficiency. Consult an Arizona attonrey to determine if the seizure was legal under the laws of your state.


In Arizona is there a deficiency balance owed by the seller on real property in a short sale?

I thought that Arizona was a non-deficiency state, but when the bank accepted my offer they alerted me that they would be coming after me for the difference between the sale price and what I owe (which is over $100k). They said that if the house was sold for less than 90% of what you owe, than they have authorization to come after you for the deficiency.


What is the statute of limitations for marijuana possesson in Arizona?

The statute of limitations for possession of marijuana in Arizona is seven years. If the charge is in connection with another crime, it could be longer.


Can you get a repossessed car back by filing chapter 7 or 13 bankruptcy in Arizona?

This would be best answered by a good bankruptcy attorney who knows Arizona law. I believe no matter what you do bankruptcy or not, they will get the car, it does not wipe your credit clean.

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