0
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
Hopefully I am understanding the question correctly. :) In most cases it would depend on the "time frame". Any money paid out ninety days before a BK filing is at the discretion of the trustee as to whether it's refunded and included in the BK. There are mitigating factors however, one being if it is a Federal or state filing. I don't quite follow the "earned" part of your query. Sorry.
State three requirements of a steering system of a vehicle?
The requirements of a good steering system are : -
1. Should be very accurate.
2. Easy to handle.
3. Provide directional stability.
4. Should multiply the turning effect applied on the steering wheel by the driver.
5. It should be irreversible to a certain degree so that the shocks of the road surface encountered by the wheels are no transmitted to the driver's hands.
go to transamworld.com there is info on there.
How long after a reposession can you reclaim a vehicle?
Up until the day they sell the car. As long as you pay the repossession fees and make up all back payments plus any administrative charges. That is if the lender agrees which they do not have to do. You broke the contract when you failed to make the payments on time so they can refuse the payments and sell the car.
Do you have to have a title for 1994 model or will bill of sale work?
If you own the car then you will have a title. Without a title you cannot sell the car.
How do you sell a car that you still owe on that is damaged?
If you can get enough out of the car to pay off the loan then just sell it. If you are upside down on the loan, they that presents a real problem. You may have to just sit on the car until you pay off enough of the loan to be able to sell it an get enough to pay off the loan. You could also sell it and take out another loan that will cover the deficiency, but that may not be a good decision if you are financially strapped.
What reason would a 1988 Camry cut off while driving and not crank back up?
There could be many reasons including fuel filter igition components ect. If you go deeper than fuel filter then it would probably be cheaper to invest in a 1/2 hour of diagnostics from a trusted local garage. Dealer prices are usually out of reach. Good luck
We have a 1987 Toyota SV21 Ultima that had a similar problem. We could drive for about 20 minutes normally and then the car would cut out and not restart. If we left it for half an hour or so it would start and drive normally to get us home. The fault was in the igniter box. Over the years the wires inside had fractured but remained in contact when cold. As it heated up during use expansion caused the broken ends to separate, breaking the ignition circuit. Soldering the wires together fixed the problem and it still runs very well after many years service. Hope this helps.
How does a bankruptcy trustee decide how much of a car payment you can have?
each bankruptcy court in each city or state has a standard format. In my county, the cost of the car cannot exceed $18,000.00 and the payments cannot exceed $500.00 a month, for anyone under the plan. They take a realistic median priced car and a median car payment (based on poor credit) to come up with an amount. It is also based on cost of living in that area.
Should I buy a car with 200000?
Depends on the type of car, appearance and service history. that's the short and simple answer.
For example, I wouldn't buy a 1986 Hyun--- Excel with any number of miles for anything more than $100 but I wouldn't really think twice about a Mercedes 300E or any 240 series Volvo from the same era for up to 400K miles.
If the vehicle looks like it's been cared for (and not just by the dealer), for example eating inside the car, items lodged between the seat cushions reveal a lot about the history of a car and it's previous relationship with it's prior owners.
Moms, though they tend to drive with more caution, don't tend to keep up with frequent upkeep. Young men although, most of which like to work on their cars, most also are very demanding with their cars . Ideally one would want a lease return from a single, adult professional. Unfortunately at 200K miles those are hard to come by unless they're purpose built machines such as the aforementioned, not appliances.
When testing a car out, let the car idle for several minutes, an idling car with the a/c turned on full blast WILL reveal many engine and cooling flaws within. So will the power steering test. The transmission should not slip and the clutch (if it's a manual) should have a quick and tight engagement. The car should NOT smell of fluids other than gasoline, perhaps.
Expect normal wear and tear. Some cars age better than others. This is where quality takes precedence. An old or 'used' Bimmer will look 100X's better than an old Dodge. It will also wear better. Some cars on the high end are designed to last forever BUT the manufacturer also assumes the owner is absurdly wealthy and can afford the upkeep. I.e., any big bodied foreign luxury car (esp. any equipped with 12 cylinders). Ideally, I would lean on the entry level of the marquee marques. 3 series, Mercedes W201, Saab 900 or most anything from Volvo. Also Toyota makes a damn fine car. But I'm just a car and safety snob.
So unless you're a plutocrat, stay away from wretched excess or utter frugality and you will do just fine with the aptly engineered 6 and even some modestly powered 8 cylinder models.
Who does the sheriff of a county report to?
== == In Texas, the County Sheriff is an elected position and as such does not "report to" any superior, but is instead responsible to the citizens he is sworn to serve.
How many hover cars have been made?
As of 2010, no hover car has ever been made and sold to the general public.
There have been hovercrafts built, as well as experimental hover vehicles, but no true hover cars and certainly none for the public at large.
How do you obtain North Carolina Resellers license?
The North Carolina Department of Revenue will be happy to assist you.
Can someone purchase a car while filing chapter 7?
You can purchase anything you want. Getting a loan may be another question entirely (that is likely no, as your credit is probably bad already). Just say it out loud...."does it make sense that I would get more debt before filing bankrutpcty"? Or even - "does it make sense that I could buy something and keep it before filing bankruptcy?" Rememeber any transaction done for several years before BK is able to be reversed, or set aside and not given protection, or even found to be done as an attempt at criminal fraud. A short, rough primer: BK is always done under FEDERAL Laws, in a Federal Bankrutpcy Court. Basically State makes little difference. (Yes the BK Courts operating in certain areas have certain special exemptions and such, minor in the overall, generally intended to make things adhere to the local laws and customs better). In a personal bankruptcy, YOU go bankrupt. Not a debt, not a loan...not a car...not a this or that. ALL of your assets, of all types, MUST be disclosed and reported in BK, and ALL of your liabilities/debts must be too. No exceptions, no picking and choosing. They are all, always involved in some way.The court will then order each of them in priorities according to the laws. Some things may be exempt from use or discharge (like your personal furntiure and retirement accounts are exempt and child support cannot be discharged) - and the rest may be used. With one to pay the other. (All possible creditors are contacted and asked to say what they are owed....you may be required to even take advertisments out to make sure everyone is notified). Any deal you've done for several years is open to scruitiny and review. The court can reverse them, take them out of the BK, or even have them prosecuted as trying to defraud your creditors. (So, no you can't sell your boat to your brother and then declare BK). Debts secured by an asset (say a car) have first call or right to the money received from that asset. If it isn't enough to pay the debt, the remainder of that sdebt becomes a general or unsecured claim against the BK., and has a chance to payment on that level too (albeit a lower priority than those who have yet to receive anything). The end/remaining amount that can't be satisfied is generally discharged by the court...meaning you no longer owe it. You get a fresh basically debt free start....many of those you owe don't get paid what they had expected and relied on, if anything. There are many other considerations too. BK will severly hurt your ability to get credit for a very long time for example. It is on your credit report for at least 10 years...and employers refer to that too, as do landlords and more. Many do not rust people with bankruptcies in their past, especially in the last few years. Many more things. Not disclosing all items is frequently trie and easily discovered, in which case - as you are swearing under oath to the court you included all info - your case is dismissed, and regularly, fraud charges are pursued. (Courts don't take to being lied to well). The courts, Judges, laws, bankers, all those zillions of attornies, etc, have been through this thousands of times for many, many years. The processes are fairly well worked through and prepared for tricks and games. It is unlikely you would discover one that hasn't been tried a zillion times before! The Cos that claim they can change your record, or make magic happen (either before or after BK), are scams, and getting caught doing something unsavory (intentional or not), other than screwing up your bankruptcy filing, is frequently considered and persued criminally. (Think your financial troubles are bad, try adding in criminal ones). The legal process and system is demanding even for those experienced with it. Many of your creditors will have an attorney to assure they get as much as possible, even groups of lawyers, who specialize only in bankruptcy. Simply you should/better/need to have one too.
What can you do once you have signed the bill of sale for a branded title and didn't know?
Well. the short answer is you don't sign a bill of sale until you look at the title. If it's a private party sale, probably not much you can do. Live and learn.
What are the Ohio reposession laws?
there are no Ohio repo laws aslong as you don't breach the peace.
I am a professional repo man
You have to preregister at dealer only auctions and provide your dealer number to the auction. So you may want to look at public auctions which you can get deals at on occasion.
What would allow a debtor to repossess a car while in a stay under a bankruptcy?
Depends how the bankruptcy was set up and whether the car was listed. There should be some consideration in that case as to whether you can make the payments, or not.
If you buy a car with a lien on it will the lien come off?
NO! BANK LIEN-PAY IT OFF.
MECHANICS LIEN-PAY IT OFF.
autolienservice.com
Are websites that sell lists of auctions where cars are sold cheaply worth the subscription price?
In my opinion "ABSOLUTELY NOT". I can give you a list for free or you can look it up yourself online for your specific area. "DO NOT BUY"
How long do you have to wait to trade in a new car?
Generally only as long as it takes for you to get the completed title transfer into your name........... But you do realize that depreciation will be what will knock your socks off with this decision....
If you have the papers of the car and its all legal you can trade it in but the value of it is much less than the price when you bought it.
Can you get a check from a claim to you directly when the car has a lien holder?
No. If processed correctly the check will be made out to you and the lien holder.
No. If processed correctly the check will be made out to you and the lien holder.
No. If processed correctly the check will be made out to you and the lien holder.
No. If processed correctly the check will be made out to you and the lien holder.
What is the rank structure of a sheriffs department?
No one answer- varies department to department. It may be a large complex agency, like the LA Sheriff's Dept, or a rural county with a Sheriff and an Undersheriff.
You do what you would do when any theft occurs; you file a police report and have him charged with theft. Now because he is still your landlord, you might approach him and ask if you can have your property back before you involve law enforcement. Either way, you might want to consider finding a new residence.
