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Repossession
Liens
Minnesota

When a car is repossessed in Minnesota what are the laws?


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Wiki User
2011-07-05 22:20:09
2011-07-05 22:20:09

You will have to pay the balance due after the sale.

A creditor who has a valid security interest in a vehicle may repossess the vehicle without notice to the debtor where the underlying debt, an installment contract, has been discharged in bankruptcy and the debtor has not reaffirmed the installment contract.

O P I N I O N

KLAPHAKE, Judge

Rosalyn Rodgers appeals from summary judgment awarded to her creditor, respondent General Electric Capital Corporation (GE Capital), which repossessed a vehicle under the terms of a security agreement after Rodgers' discharge in bankruptcy. Rodgers claims that despite her bankruptcy discharge and her failure to reaffirm the installment contract post-bankruptcy, she was entitled to notice before the vehicle was repossessed. We disagree and affirm.

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It depends on the laws in your state.

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if i get my car repossessed, can they put a llien on the house?

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Your car was probably repossessed by the lender who owns the car until you pay for it. Call your lender and they will be able to tell you how to locate your repossessed car.


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