No, Ohio is not a community property state, therefore debts solely incurred by one spouse are not the responsibility of the other.
No, repossession is a civil action not a criminal one. You can be held financially responsible for the debt, though, regardless if the divorce petition states otherwise.
When your car is repossessed from the bank, the bank will sell it, usually at an auction. You are responsible for the difference of the selling price and what you owe on the car.
the person the vehicle was leased to is responsible as they are the ones that have caused the vehicle to need to be repossessed.
Yes, you are responsible.
The car can be repossessed. The estate is responsible to return the vehicle and resolve the lease or loan.
Once the agent takes possession of the vehicle, they are responsible for any damages which occur.
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.
What state are you in??? Laws VARY by state.
The vehicle will be repossessed and the leasor will be held responsible for the unpaid balance of the lease.
You are responsible for the remaining balance of what the vehicle sells for and what you owed when it was repo'd.
In New Jersey, it is the responsibility of the person who registered the vehicle. When the vehicle is repossessed, the person from whom it was taken will be contacted to allow them to pick up their belongings. At this time, they will be given the plates as well as any other personal items left in the vehicle. They can then be returned to the agency.
Yes, he or she would be equally responsible for the repayment of the loan balance.
When a vehicle is repossessed it is sold at a public auction for the fair market value (or as close to such as is possible). The borrower/debtor is responsible for any deficit in the amount between what the vehicle is sold for and the remaining balance of the loan contract plus additional fees such as cost of the repossession action. So, in that context, the person is responsible for the "full price" of the vehicle.
If you reside in a community property state both parties are responsible for such matters until the court rules otherwise. If you do not reside in a CP state the person to whom the vehicle is registered to is considered for all intents and purposes to be the owner. The deciding factor of who is responsible for the debt if any on the vehicle is determined by the loan agreement.
The tow company is responsible for damage they did to the vehicle, if they claim they didn't do it you have to prove it and make a claim/sue them, otherwise you need to claim it on your insurance.
It may depend on your state. In Oklahoma, the vehicle (if not retrieved) will eventually be sold at auction, and the original contract holders (husband and wife in this case) will be responsible for any amount below "payoff".
Did the car get repossessed? This I believe, would best be addressed by the person/entity who has the lien on the car (the bank, the credit company, etc).
It depends on you locatily, but in general, yes, if you are behind on your payment, your vehicle can be repossessed.
If you're asking whether the vehicle can be repossessed for non-payment, it can, regardless of who's supposed to be making payments. Whoever appears on the contract or paperwork for the car is responsible for the payment, regardless of what informal agreements may be in place.
by paying the bill or rebuy it at an aucton
it doesn't matter if the pope takes over your vehicle payments. if he stops making them, your credit is damaged and the vehicle is repossessed.
The debt is not cancelled simply because the vehicle was repossessed. The borrower is still responsible for the existing amount of the loan (if any) after the vehicle has been sold at public auction.
No. Tickets must be paid by the driver or the individual leasing the vehicle, and not by the bank. However, once the vehicle has been repossessed, the bank is then responsible for the vehicle (including any tickets which may accrue).
The wife is responsible as she was the one who signed the credit contract.