What exactly are they going to repo,you the vehicle was stolen and you no longer have it right, come on use the thing attached to your kneck.
Not necessarily. Depending on the work load of the bankruptcy court, it might be up to a week between the time you file your bankruptcy and the time your creditors receive notice in the mail. It is possible that the lender repossesed the vehicle or it may have been stolen. Contact the lender right away to make sure they know about the bankruptcy and that you were protected by the automatic stay and report the car as stolen.
YES, IF YOU CLAIM NOT TO KNOW WHERE IT IS. If you call the bank and say I dont know where the car is its gone, they are going to tell you to report it stolen. If you stop making payments on it then they will repossess, if there is no car to repossess then you are still responsible to pay the monthly payment car or no car If you stop paying and there is no car to repossess then they at that point can take legal action against you. I dont know if its reported stolen but take my word for it you will pay somehow.
With motor vehicle theft topping the charts as the #1 property crime in the U.S., LoJack fills a clear market need for an effective stolen vehicle recovery solution. The LoJackå¨ Stolen Vehicle Recovery System provides car owners with peace of mind knowing that if their vehicle is stolen, they have the best chance of getting it back.
If the creditor does not list the vehicle as a stolen vehicle, then during routine checks against your friends social security or drivers license number brings up their new location. they can take possession of it wherever they find it at. If they do list it as a stolen vehicle, then if the local authorities run the tag or VIN number, it will come up stolen and then there's a whole new mess to deal with.
They hire a repossession company to take your vehicle. You may wake up one morning to find that you vehicle is not where you left it the night before, or you may walk out of the Walmart or Winn Dixie to find the vehicle gone. You will likely then call the police to report the vehicle stolen, and the police will notify you that it was not stolen but repossessed. Within several days, you will receive a notice from the lender stating that the vehicle was recovered and will be sold to be applied toward the debt, and that you may claim any property that was found in the vehicle. You may also make arrangements to redeem the vehicle provided you pay the past due balance.
If you have signed the vehicle title over to them as security for the loan, or they hold some kind of legal paper giving them ownership, yes. If you don't pay back the loan, or fail to surrender the vehicle to them, legally the vehicle belongs to them. ----------------- No, it is a civil matter. They can repossess the vehicle, report as a default on your credit and sue you for defaulting on the contract. ------------------ READ YOUR LOAN CONTRACT! If you default, and then conceal the vehicle from them, or their repossession agents, you have "converted their asset to your own use" - which is the definition of larceny - which is a criminal offense.
How do you get 1000000 robux for free?
Is it true that one human year is equal to seven dog years?
How do you spell water with 3 letters?
What is a narcissist?
What is half of 5000?
What is Sean Connery's shoe size?
How much did George Foreman bench press?
How did chickenpox get its name?
What is doomscrolling?
How did the Wiffle Ball get its name?
Do schools still teach cursive writing?
Can eggs break inside a chicken?
Why do books come out in hardback first?
What happens when a beehive gets too full?
What is the difference between an optometrist and an ophthalmologist?
Is Quentin Somerville related to Julia Sommerville?
Which of the following statements is true about storing classified documents?
What is the meter of manang biday?
Ano ang kahulugan ng iskolarling pagpapahayag?
What happened to Little Juan Burritos?
What is meant by a frequency response curve of an acceptor circuit?
What two generalization can be made about North America at the time of European discovery?