READ your contract. Likely the answer is YES.
ask the guy that repossessed your workers truck for the tools that were in that truckask the guy that repossessed your workers truck for the tools that were in that truck
Go to bank or other place that repossessed the truck. Pay cash for it etc
I have a welding machine on the truck they repossessed can they keep that?
If you aren't hiding it and they didn't repossess it then it has been stolen. Call the police and report that your truck has been stolen.
The only way to get a repossessed truck back in the state of Indiana is to pay the balance owed. Sometimes, you can contact the lender and make arrangements to get the truck back without paying the whole amount.
Yes you are
NO, the truck probably has been sold already and the lender got a repossessed title to sell it with. Of course they do make mistakes. LOL
Yes, your truck can be repossessed even if you are using it to earn an income, however, you can tell your creditor that you are earning money with your truck, and that if the creditor does not repossess the truck you will use that income to make payments on your loan. Of course, if you are not making payments, and spending all of your income on other things, then the creditor has no motive to let you keep the truck.
Yes/No, because if it is parked in reverse, the back wheels would be dragging, and soon shift gears (If repossessed by a chain truck), but if it is a flatbed tow truck, then yes, it can be repossessed, because the back wheels would not be dragging, therefor the wheels would not shift gears and ruin the vehicle, or reverse of of the truck!Why are you asking, has your car bin repossessedbefore?-Zachary T. Davis06/03/12
NOT. Good try though. LOL
If they only have an order of repossession of the truck, then no. Otherwise, the trailer and backhoe would be considered stolen.
no no, it's up to the company if they want to let you keep it or not, some of them think that if your'e filing BK then your'e not going to pay them.
Very simple, CALL the lender.
Start with some type of vehicle history report, such as Carfax.
That would be a particularly bad plan if you hope to keep a good credit score. The bank would have required you to have enough insurance on the vehicle to cover the replacement. If you didn't, you are financially responsible for every dime that is outstanding on the loan. If the truck is wrecked, the difference between the debt and the value is your responsibility.
No. They will sell the truck at auction and it will bring what it will bring. You are then responsible for the balance.
Yes they can
Most usually they are empowered to take items where you haven't made the payments. If both the truck and trailer were being repossessed, then you are stuck.
You are responsible for the remaining balance of what the vehicle sells for and what you owed when it was repo'd.
If you don't make your payments, they can be repossessed, the same as any other vehicle.
Depends on why it was towed. If it was being repossessed, you're not going to recover anything.
The people that reposed it may have a lien on it for an unpaid loan.
Yes, the truck belongs to the bank or finance company, not your personal items in it. Don't wait too long, things have a way of disappearing from vehicles and you have no way of proving something was in there.
Well if the truck is heavier than the car and going at the same speed, either the truck is going slow, or the car is going fast