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Will they garnish the head of household or the other's wages for car repossession in Missouri?
Wiki User
∙ 19y ago
They can ONLY garnishee the wages of the one(s) who SIGNED the contract,whomever that may be.
Wiki User
∙ 19y ago
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Can wages be garnished if self employed?
Yes, A deptor can have his profits garnish 1/6. percent,Ofcourse there may be others things taking out first.
How would you find out what is needed to start a repo business in Missouri?
how would i start a repo. business in arkansasMissouri 2002 Title State: License and Registration information refer to: Missouri Motor Vehicle, 301 W. High St., Jefferson City, Missouri 65105. Tel.: (314) 751-4509. Fee for search of records: $3.00. Recording: Uniform Commercial Code adopted July, 1965. Ownership documents, lien perfection, security agreement filed by lienholder with Department of Revenue, Bureau of Motor Vehicles.Recovery: One time cure law in effect in Missouri; all others per contractual agreement.Redemption: Ten (10) days.Deficiency: Permitted.Special Motor Vehicle Provisions: Liens are noted on Certificate of Title.Documents Required to Transfer Ownership of Motor Vehicle: Assigned Certificate of Title; certified copy of security agreement, affidavit of repossession and notarized Bill of Sale. PLATES: Remain with the owner. http://www.sos.mo.gov/adrules/csr/csr.asp
What is the purpose of personalized credit cards?
The purpose of a personalized credit card is solely for the user of the card. Certain individuals may like certain designs and want their card to be differentiated from others in the household.
If you fail to pay a credit card debt can the credit card bank take money from your social secutity income?
Social Security, SSI, Veteran's benefits, and a few others are mostly exempt from creditor garnishments. The federal government CAN garnish these wages for taxes, spouse or child support payments.
Can the lender garnish your wages after a self-repossession in California?
A repossession is a repossession, voluntary or not. When you finance or lease a vehicle, your creditor holds important rights on the vehicle until you've made the last loan payment or fully paid off your lease obligation. These rights are established by the signed contract and by state law. If your payments are late or you default on your contract in any way, your creditor may have the right to repossess your car. Talking with Your Creditor It is easier to try to prevent a vehicle repossession from taking place than to dispute it afterward. Contact your creditor when you realize you'll be late with a payment. Many creditors will work with you if they believe you'll be able to pay soon, even if slightly late. Sometimes you may be able to negotiate a delay in your payment or a revised schedule of payments. If you reach an agreement to modify your original contract, get it in writing to avoid questions later. Still, your creditor may refuse to accept late payments or make other changes in your contract and may demand that you return the car. By voluntarily agreeing to a repossession, you may reduce your creditor's expenses, which you would be responsible for paying. Remember that even if you return the car voluntarily, you're responsible for paying any deficiency on your credit or lease contract, and your creditor still may report the late payments and/or repossession on your credit report. Seizing the Car In many states, your creditor has legal authority to seize your vehicle as soon as you default on your loan or lease. Because state laws differ, read your contract to find out what constitutes a "default." In most states, failing to make a payment on time or to meet your other contractual responsibilities are considered defaults. In some states, creditors are allowed on your property to seize your car without letting you know in advance. But creditors aren't usually allowed to "breach the peace" in connection with repossession. In some states, removing your car from a closed garage without your permission may constitute a breach of the peace. Creditors who breach the peace in seizing your car may have to pay you if they harm you or your property. A creditor usually can't keep or sell any personal property found inside. State laws also may require your creditor to use reasonable care to prevent others from removing your property from the repossessed car. If you find that your creditor can't account for articles left in your car, talk to an attorney about whether your state offers a right to compensation. Selling the Car Once your creditor has repossessed your car, they may decide to sell it in either a public or private sale. In some states, your creditor must let you know what will happen to the car. For example, if a creditor chooses to sell the car at public auction, state law may require that the creditor tells you the date of the sale so that you can attend and participate in the bidding. If the vehicle is to be sold privately, you may have a right to know the date it will be sold. In either of these circumstances, you may be entitled to buy back the vehicle by paying the full amount you owe, plus any expenses connected with its repossession (such as storage and preparation for sale). In some states, the law allows you to reinstate your contract by paying the amount you owe, as well as repossession and related expenses (such as attorney fees). If you reclaim your car, you must make your payments on time and meet the terms of your reinstated or renegotiated contract to avoid another repossession. The creditor must sell a repossessed car in a "commercially reasonable manner" - according to standard custom in a particular business or an established market. The sale price might not be the highest possible price - or even what you may consider a good price. But a sale price far below fair market value may indicate that the sale was not commercially reasonable. Paying the Deficiency A deficiency is any amount you still owe on your contract after your creditor sells the vehicle and applies the amount received to your unpaid obligation. For example, if you owe $2,500 on the car and your creditor sells the car for $1,500, the deficiency is $1,000 plus any other fees you owe under the contract, such as those related to the repossession and early termination of your lease or early payoff of your financing. In most states, a creditor who has followed the proper procedures for repossession and sale is allowed to sue you for a deficiency judgment to collect the remaining amount owed on your credit or lease contract. Depending on your state's law and other factors, if you are sued for a deficiency judgment, you should be notified of the date of the court hearing. This may be your only opportunity to present any legal defense. If your creditor breached the peace when seizing the vehicle or failed to sell the car in a commercially reasonable manner, you may have a legal defense against a deficiency judgment. An attorney will be able to tell you whether you have grounds to contest a deficiency judgment.
Can a state garnish your wages for a repossession if you now live in another state?
YES, states honor each others judgements. Same as suspending your DL cause you got a ticket in another state.
What are car reposession laws in MO?
The repossion lasw in Missouri are "As per the UCC, repossession is allowed and permitted as long as it is peaceful, after a Twenty Day Right To Cure Letter from lienholder to debtor. One time cure law in effect in Missouri; all others per contractual agreement.
Can the IRS garnish workman's compensation wages?
They and many others.
Is a lender in Missouri required to send the borrower a Notice of Right to Cure before repossession action?
No, Missouri has no laws that require the creditor to notify the debtor that a vehicle is subject to repossession.The lender can have the vehicle repossessed without notice as long as the repossession does not commit a breach of peace as defined by the laws in the jurisdiction where the vehicle is seized.ADDED: While the above answer may have been correct at the time it was written - it is no longer applicable.Quote: "As per the UCC, repossession is allowed and permitted as long as it is peaceful, after a Twenty Day Right To Cure Letter from lienholder to debtor. One time cure law in effect in Missouri; all others per contractual agreement." unquoteSee below link:
What states require auto repossession licensing?
Texas, Oregon, Washington and others.
Can a repossession agent call the police?
Thay can, and in many jurisdictions it is required before repossession is performed. In others it is only necessary to notify police within 24 hours of recovery.
What word means takes from others?
retains, confiscate, seize, attach, garnish, impound, appropriate, expropriate
What are examples of household wedges?
One example of a household wedge would be a door stop. Others are chisels, and wheel blocks.
Slave state in Missouri compromise?
What sates were admitted to the Union between the time of the Missouri Compromise and the compromise of 1850Type your answer here... Maine,missouri,and a couple others....ARKANSAS WOO PIG SOOIIIEEE!!!
Can wages be garnished if self employed?
Yes, A deptor can have his profits garnish 1/6. percent,Ofcourse there may be others things taking out first.
What type of energy conversion takes places in a household item?
If the household items work with electricity, they will convert electrical energy to whatever they are supposed to do: movement for some devices, sound or light for others.
What states borders the most others states?
Tennessee borders eight other states: Kentucky, Virginia, North Carolina, Georgia, Alabama, Mississippi, Arkansas, and Missouri.
