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If someone has a civil judgment against you, it is possible that your assets may be ats risk. However, the laws of most states also protect a portion of your assets. The types an amounts of property that you can protect from a judgment creditor will vary be state. However, it is usually not very cost effective for a judgment creditor to go after the debtor's car. Having a civil judgment on your credit history will make it more difficult for you to get a car loan. It will be difficult, but not impossible.
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∙ 17y ago
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Who owns what car?
AnswerI own my car and the owners of other cars own their cars. All car owners own their car unless they have a loan on their car. In that case they do not own their car outright until the loan is paid off, at which time they are the sole owner of that car.if you total your car the insurance company owns it then,but you can sometimes buy it back.
What car does batista own?
he changes cars
How can you get Sr22a insurance but you do not own a car?
Buying and no ower policy
What car does jay-z own?
Fiat 500 convertable with a red roof
Does Demi Lovato own a car?
she drives a Porsche convertible but she wants a Chevy suburban
Can a bank repossess a paid for car for other credit debt i own the car but i owe a lot of other debt?
The bank doesn't own the car. Unless you used it as an asset, or collateral for a loan from them, they should have no hold on that.
In WA state how do you get title to a car after Statute of Limitations expires on bad debt?
I'm fairly certain that there is no SOL on contractural civil debt.
If you had a car loan that included a 4000 credit card debt and the car was repossessed and there is a 13000 deficiency do you have to pay the full amount or do you have any recourse?
Yes, you still own the debt.
What can happen to your debt after your car is repossessed?
Your debt is then written off as the car covers the cost of the debt.
Can you be arrested when entering the US if you have outstanding debt?
No. Outstanding debt is a civil matter, not criminal. You can not be arrested for a civil matter.
Can you get a car of your own and be a co-signer?
The act of co-signing involves a promise to pay another person's debt. You can't be your own co-signer.
Can a car be taken to pay off credit card debt?
Yes. A car can be taken for a credit card debt if the creditor sues you in court, is successful and obtains a judgment lien. The creditor can use that judgment lien to take any property you own including your home and your car and your bank account.
If a creditor garnishes wages for debt can they take your car?
If the debt is on the car, or the car was used as collateral for the loan, YES they can repossess the vehicle!
Can your car be repossessed if you hold the title?
Yes, if you took a loan out and used your car as collaterol, then it can be taken away. If you own the title free and clear, then it cannot be taken from you. Only if you owe money on it or the previous owner owes money on it. If the previous owner has an outstanding debt on the car and sells it to you without you knowing about the debt then the car can still be repo'd.
What political problems did the US have after the civil war?
Debt.
Do you own your car if it is charged off?
No. The term "charge off" simply indicates that the creditor has decided to pursue other methods of collecting the debt owed. That could mean the debt will be sold to another party, the creditor could file a civil suit to collect the debt or other actions. Debts that are "charged off" remain valid and subject to collection unless they have been rendered invalid by the statute of limitations as determined under the laws of the debtor's state.
Do I inherit a debt if the car I bought had a lien on it?
It is illegal to sell a car with a lien on it. If it has a lien you will not be able to register the car in your name. The loan must be paid off and the lien released before you can actually own the car. You may have just got scammed.
