I'm assuming you are asking regarding a bankruptcy. An automatic stay is a utility of the court, that legally prevents contact with you from creditors after they have been notified of the bankruptcy proceedings. Once you file, the stay protects you and your proerty for as long as the stay exists. Once the BK is dismissed or discharged, the stay is lifted. While the stay is in effect, the vehicle cannot be involuntarily repossessed.
Automatic stay prevents creditors from taking any action to collect on debts.
No, there is an exemption under Ohio law that permits finace companies to dispose of repossessed vehicle without a dealers license. Sale and title work is the same as a casual sale between individuals. No, there is an exemption under Ohio law that permits finace companies to dispose of repossessed vehicle without a dealers license. Sale and title work is the same as a casual sale between individuals.
Of course it can. Especially if you just bought it brand new. The title isn't going to be in your name, rather it will be under the lien holders name who loaned you the money. If it is used same. A car can only be repossessed if it isn't paid off.
under the title
The movie Repossessed was released in theaters on September 14, 1990. The age rating for the movie was PG-13. If the child is under 13, a parent must give permission to watch the movie.
Under Texas law, a vehicle may be repossessed even if payment was only late for 10 days. This means that is payment was due on the first day of the month, and payment has not been settled on the tenth, then, vehicle will be repossessed on the eleventh.
Yes. If the car's value at repo was under what you owed they can get the difference, court costs and interest.
You put the automatic in neutral, or put a dolly under the drive wheels.
Title 32
If the lender repossessed the car while case was pending and you were protected by the automatic stay, the repossession was illegal and you should be able to get the park back by filing the proper motion with the court. If the case is over, you need to make the payments and have adequate insurance to keep the car if you did not sign a reaffirmation agreement. If they legally repossessed the vehicle and sold it, you are out of luck but you are free from paying any deficiency. Consult an Arizona attonrey to determine if the seizure was legal under the laws of your state.
You can find information on repossessed car auctions on websites such as Absa (under repossessed cars), AutoBidMaster and RepoDirect. Depending on where you live there can also be local sources of information.
i have a person who sold me a car under bankrupcty, and i need the title . gow can i tell if its still under or not?