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Repossession

Seizure of property bought on credit for which loan payments are not being received. Please note that when asking a car repossession question, it is often useful to include the state that you live in. This will enable people to give you better answers.

11,694 Questions

When a bankruptcy case is dismissed for missed payments what happens to the money already paid into the plans?

If the court has already confirmed the chapter 13 plan then the money already paid is distributed to the creditors. Basically, since the case was not discharged, you still owe the debt, so you made payments towards the debt while in bankruptcy. If the plan was not yet confirmed by the court, the money is returned to the debtor by the trustee save for a small amount for the trustee's expenses (trustee would ask for this in his motion to dismiss). Money would not be distributed to creditors by the trustee until after the proposed chapter 13 plan is confirmed.

How much should it cost to rebuild 2005 a Pontiac Sunfire engine?

depends who is rebuilding it. If you are and know what your doing then not that much. If you buy a rebuilt engine it will run you about 2000-3000. Then you need to have someone install it.

If you have to pay for damages on another persons car and you don't have the amount requested what do you do?

First, negotiate the amount down. Then try to pay it in installments. The other person probably got an estimate from a friendly body shop person who might have given an estimate on the high side. There is no such thing as a perfect estimate. They all have ranges and theirs is probably high. Negotiate by getting your own estimate, although this will cost you. You will probably get a lower estimate. Offer to pay this amount only or let them take you to court. Going to court will take time and maybe money if they have to hire a lawyer so they might think it better to take the smaller amount now rather than go through a costly time-consuming lawsuit, where they might lose anyway. If it came to a trial the judge would most likely try to convince both sides to settle the case and meet halfway anyway. So, why not do it now rather than months later. Plus, it's very likel;y that the car will be fixed for that lower amount anyway. Another way to get to a lower amount is to tell them that you can't pay it all right away and if they want the money, they will have to sue you, get a judgment and garnish your salary or levy on assets, (which you don't have anyway if you can't pay the amount in full. People understand that they can't always get what they want even if they are entitled to it. You may be completely liable for all the damage but if you can't pay then you can't pay. They have to face reality. If you can't pay the amount they want or even a lesser amount in full right away offer to make monthly payments toward the lower amount. Remember, always get their initial amount down before you start talking payments. Knowing how these things with estimates work, I would bet that they can get their car fixed for that lower amount. Remember also that even though the damage may be your fault, the amount of money to fix the car is probably not the amount they say it is, even if they have an estimate.

How do you evaluate fair market value of an used car?

== == www.edmunds.com - Edmunds.com provides True Market ValueSM pricing, unbiased car reviews, ratings, and expert advice to help you get a fair deal Nada.com

Kbb.com

Autotrader.com Answer You can make use of different cars classifieds online to compare used car values and pricing. You can see every details that you would need such as features, description and add-ons. You can also request for the cars history. It should include the cars damage/crash history and maintenance/repair history. A well maintained car without damage almost doesn't change its used car value, while a car with upgrades increases the value a bit.

Can you tow a 2002 blazer?

If you have a manual transmission, you can put the transmission in neutral and flat tow it that way, whether it's a 2WD or 4WD model. If you have an automatic transmission but either a manual transfer case or the electronic transfer case with the four button system (NOT with the three button system), you can put the transfer case in neutral and tow it that way. Otherwise, you'll have to disconnect the driveshaft(s) before you flat tow it.

How can you reclaim a car that is not titled in your name but the lien is?

If you're not on the title you have no claim to the car. You would need to sue the owner in court and win a judgment in your favor.

If you're not on the title you have no claim to the car. You would need to sue the owner in court and win a judgment in your favor.

If you're not on the title you have no claim to the car. You would need to sue the owner in court and win a judgment in your favor.

If you're not on the title you have no claim to the car. You would need to sue the owner in court and win a judgment in your favor.

How does the court determine the worth of a vehicle in a bankruptcy case?

It sort of depends...if you mean for exempting it for BK purposes....frankly the legal limit is so low (something like $750) that if they really stuck by it, no one would have a usable car after bankruptcy. More a smell test...age, type, model all reasonable, not extravagent, not so much that it would really be able to help your financial situation well...and needed...exempt it. As to the value of a car that is security, very simply...it is the amount it gets sold for...if it doesn't sell for enough to pay the loan/lien...you owe the extra...doesn't matter what the book is, how great the paint...whatever...the amount it is sold for.

Can a repo man move a vehicle by force to gain entry to the vehicle being repossessed without the owner permission?

Most of your descriptive terms are variable and could mean different things to different people. Did you see him do it??? Why do I ask?? IF you didnt see it happen, you dont know if he used "force" or not. Merry Christmas

Can a car be repossessed for late fees only?

Once you are late by a single day you are in violation of your loan agreement which means you can be repoed.Until you bring your loan completely current....late fees and all you are in danger of being repoed.Read your loan agreement.

Does Wisconsin have laws governing telemedicine?

This question regards patient privacy rights. The American State of Wisconsin has multiple laws concerning patient rights and medical records. Furthermore Wisconsin patients are protected by federal law from the Health Insurance Portability Accountability Act (HIPPA).

You owe 4000 dollars more than your car is worth you can't afford payments what are your options?

You could try refinancing for an extention, for example; if you have 12 months left to pay, get a loan for 24 months. You will end up paying more interest in the end, but your payments will be lower. Another option, sell the car for what it is worth then get a loan to pay off the rest of the car in order to get the title and sign it over to the new buyer. The difference ($4000) you had to take a loan out for can be paid off a bit easier than the whole amount. Another option, get a second job to afford the car.

Where can you find a lawyer who specializes in defending people against illegal vehicle repossession?

All state bar associations and American Bar Association offer a free attorney referral service. American Bar Association, http://www.abanet.org

In Georgia can a car be repossessed if the borrower paid a lump sum to cover arrearages and wants to keep the car and make timely payments but the lender wants the car returned?

In Georgia, Has an "endangerment of security" if at any time the finance company fells that there security is in danger they can repo you car. A finance company can repo you car at any time even if you are current if they fell that there security is endanger. Example of Endangerment I have repo for: 1. Past Due Payments 2. You move and don't notify Finance Company 3. Cancelled insurance 4. Threats of destroying the Auto 5. Divorces 6. Threats of Filing Bankruptcy 7. Failed to make a payment on another vehicle that is financed with the same company

How do you start bankruptcy?

You start filing for bankruptcy by working with the court to determine if that is the best decision for you. Firstly, the court will do a "means test" in which they will calculate your income versus your debt and also compare your financial situation to other people in your area. Additionally, you have to undergo credit counseling before you are eligibile to file. When these steps are completed you can file.

ANSWER:

You would want to file bankruptcy if you are overwhelmed by

debt and harassed by creditors. If you are unable to pay

your bills you may be eligible for relief under Chapter 7,

Chapter 13, or Chapter 11 bankruptcy. A Minneapolis

bankruptcy attorney will answer your questions. As soon as

you file for bankruptcy:

* Harassing phone calls stop!
* Mortgage foreclosure stops!
* Repossession of your car or furniture stops!
* An attempt to garnish your wages stops!
* You keep your personal property.
* You keep the tools you need to make a living.

Can you find out who used to own your car?

Car Fax will tell you where the car was last registered and it will tell you witch dealers have had your car in their inventory and where they got it from.

Car Fax will not give you the names of private individuals who have owned your car and with out the previous plates it would be difficult to find out who had owner ship of it.

You could see if the title history is kept from owner to owner through the dmv.

How do you become a repossessor in Illinois?

You need to contact your State Board of Private Investigators to obtain a licence. Be prepared...they need a Valid Drivers Licence, Passport Photo (or one similar) A Criminal Record check from the local Clerk of Courts office in any counties you have resided in in the last 2 years, Fingerprint card- you can get this at the local Sherrif's Office where you live, and $155.00 for a SBI Criminal Backround Check, and license fee.

If you by a car from a used dealership and it gets repo'd do they serve papers?

When you fall behind on your payments from any place, the lienholder has a legal right to repossess the collateral, mainly the car or truck. They can be nice and warn you, or not. The only papers they may serve is the order to repossess. Most recovery agents (repo people) prefer not to tangle with a debtor and take the collateral when the debter doesn't show up. As long as they call it into the police to protect themselves and they have an order to repossess the goods from the bank, that's it.

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