Yes a lender can garnish your wages after a repossession. If the resell value of the item does not cover the cost needed to repay the lender, you are still responsible for paying the balance.
A lender can garnish your wages if you have outstanding debts and the court has confirmed this. The repossession itself is irrelevant.
The lender may garnish your wages for a judgment against a debt in Illinois, even after repossession.
IF they have a JUDGEMENT for the balance due, they can garnishee your wages. Income taxes?? NO
Any lender has to get a judgment before they can garnishee anyones wages.Then the debtor has to have wages before any lender can garnishee them. It is up to the lender whether or not they go that route in the collection process.
YES, in most states under most conditions.
Oklahoma State law is very clear that if a lender does not re-pay their loan, Payday Lenders may ONLY have a persons wages garnished by Court Order. So, the short answer is yes.
Your wages can be garnished for an auto repossession if there is a court order. All wage garnishment's must be obtained from the county court of your residence.
If the lender has obtained a judgment against you, and garnishment has begun, yes. The lender will continue to garnish your wages until the balance of the debt is paid. This could include the remaining balance after the vehicle was sold at auction and all costs, interest, and penalties incurred by the repossession.
Yes if you signed a wage garnish when buying the car. If you didn't they may be able to but the courts will have to decide.
YES, if they get a judgment against you, garnishment is next.
They can ONLY garnishee the wages of the one(s) who SIGNED the contract,whomever that may be.
Yes, after due process is followed in accordance with the laws of the state.
They aint going to....They try to scare you with that, as long as they have there property there good!!
If they have followed the laws and have a court order, yes.
After the lender gets a judgment they can garnish your wages but they cannot getyour house unless you used it as collateral for the car loan.
A lender can't garnish wages; that has to be done by court order. That can be accomplished, but usually only after the lender has made the cosigner responsible for the debt and failed to collect. After all, that's the responsibility of being the cosigner -- to provide payment should the primary borrower fail to pay.
Our company that refinanced the vehicle is threatning to garnish wages and garnish our other vehicle (of which is paid for) and other assets.
They will only if the remaining balance after the repossession and auction goes to litigation and the judge orders the garnishment of wages.
The courts can if the debt wasnt repaid, the only way out is to setle or go bankrupt.
Yes, if they obtained a judgment in the processes. No employer will release wages to a third party without a valid order of garnishment however.