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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

Boyfriend is ordered to have a interlock ignition device installed in any car owned or driven even though drivers license is revoked still required by law to have this device installed?

Is his license revoked or suspended? Generally the license is suspended pending court mandated counseling and / or a DMV imposed suspension period, depending on the state. He has to get the interlock put on his car when the suspension period is ended or when he tries to get his license reinstated, no matter how long after the conviction it may be.

When is a chapter 7 bankruptcy closed?

It is closed when it is legally discharged by the courts. Usually about 2 months after the 341 meeting for a ch. 7.

Consequences for theft over 300.00 in Kentucky?

theft over 300 in KY is a felony punishable by up to 5 years in prison.

What kind of car is in the big lebowski?

1973 Ford Gran Torino The Dude's car is a 1973 Ford Gran Torino. DaFino the PI drives a VW Beetle.

Does a person have a legal right to trespass on private property to retrieve personal property from where they were staying for two months?

Depending on the laws in your state you may or may not have the right to trespass on the property. The safest way to get your property back would be to explain the situation to the police and have them escort you to get your property.

How do you go about opening your own repo business in a rural Missouri town?

Missouri

TITLE STATE: 1975 and subsequent years. SECURITY INTERESTS: Shown on title held by lien holder. LICENSE REGISTRATION: Missouri Motor Vehicle, 301 W. High St., Jefferson City, Missouri 65105. Tel.:(573)751-4509. RECOVERY REQUIREMENT: After Twenty Day Right To Cure Letter from lien holder to debtor, repossession allowed without committing a breach of the peace. DOCUMENTS REQUIRED FOR LIQUIDATION: Affidavit of Repossession, Application for Missouri Title. PLATES: Remain with the debtor.

http://www.moga.state.mo.us/STATUTES/STATUTES.HTM

http://www.moga.state.mo.us/STATUTES/STATUTES.HTM#T27

Outdated law voids consumer protection Posted by admin on Wednesday, April 28 @ 03:36:51 PDT (6 reads) By Michael D. Sorkin Of the Post-Dispatch 04/27/2004

The reason he could is a gaping loophole in Missouri's 4-decade-old law requiring lenders to give notice before repossessing a motor vehicle when the borrower misses a payment. The loophole limits the law's protection only to motor vehicles that cost lessthan $7,500. Your new Ford Explorer, Honda Accord, Chevy Impala, or any other vehicle that cost at least $7,500, isn't considered a motor vehicle under this law.

How does repo of a leased vehicle differ from repo of a financed vehicle?

NO, a lease is simply a contract like a loan. DEFAULT of either calls for repossession.

Can you return car in chapter 13 and still owe?

Absolutely...you don't escape debt on what you owe....your just allowed to pay it off on more favorable (to you) terms than you originally promised you would, pretty much no matter how bad that is for the one who lent you money!

Chapter 13 offers individuals a number of advantages over liquidation under chapter 7. Perhaps most significantly, chapter 13 offers individuals an opportunity to save their homes from foreclosure. By filing under this chapter, individuals can stop foreclosure proceedings and may cure delinquent mortgage payments over time. Nevertheless, they must still make all mortgage payments that come due during the chapter 13 plan on time.

Another advantage of chapter 13 is that it allows individuals to reschedule secured debts like cars (other than a mortgage for their primary residence) and extend them over the life of the chapter 13 plan. Doing this may lower the payments.

Chapter 13 also has a special provision that protects third parties who are liable with the debtor on "consumer debts." This provision may protect co-signers.

Finally, chapter 13 acts like a consolidation loan under which the individual makes the plan payments to a chapter 13 trustee who then distributes payments to creditors. Individuals will have no direct contact with creditors while under chapter 13 protection.

You cannot afford your bluegreen timeshare - can you deed it back?

You can contact Bluegreen and have them sell it for you (of course there is a fee involved, payable to the person selling the deed..no different than using a realtor). They usually auction it on sites such as Ebay or through other avenues, but there is a way to get out of your deed.

Is it fraud if you sell something that is collateral?

Collateral meaning there is a lien or chattel against the object, then the answer is yes IF YOU DONT INFORM THE BUYER, and get approval from the lien-holder.

Can a lender revise his contract without contacting the debtor?

The finance company has to have a contract signed by you. If they change something it has to be initialed by the customer. Unfortunatly, to fight this you would need to contact a lawyer which would probably cost more than $300.

It is absolutely wrong for them to change a legal document after the fact of it being signed by the customer, but I have never seen a contract that actually states a grace period for repossession.

What are the reinstatement laws in Pennsylania?

contact the attorney generals office in your state they will either tell you or direct you to the site on the web that will give you all the info

What degree am you able to obtain with a criminal record?

If you are talking about college education degrees, you can obtain anything you would like. You may not qualify for financial aid through the Fed. Govt. Depending upon your charges you might also be limited in what field you can work in too. I advise that you talk to a college counselor to get more advice.

Is there an adultery law in Michigan?

According to the Michigan Legislature, the following are on the books relative to adultery. http://www.legislature.mi.gov/(S(0xojb5ufwpga0ha12y34tef4))/mileg.aspx?page=home Document Type Description 328-1931-V Division CHAPTER V ADULTERY (750.29...750.32) Section 600.2162 Section Husband or wife as witness for or against other. Section 750.29 Section Adultery; definition. Section 750.30 Section Adultery; punishment. Section 750.31 Section Adultery; complaint and time of prosecution. Section 750.32 Section Adultery; cohabitation of divorced parties. Section 767.44 Section Indictment; forms for particular offenses; bill of particulars. Section 777.16a Section §§ 750.11 to 750.32; felonies to which chapter applicable.

What happens Repo car and can't pay the there lowest settlement price?

They will sell the car and you will be responsible for the difference in what the car sells for and what the balance on the loan is. You will also be responsible for any fees associated with the repossession. Also, your credit will be ruined for 7 years.

Is a broken contract theft by conversion?

No, the two are completely different legal concepts and have nothing to do with one another. A broken, or breach of contract falls under the law on contracts. Conversion, or civil theft, falls under the law of torts. The remedy for a breach of contract is to give the non-breaching party damages so that he gets the benefit of his original bargain. The remedy for conversion is compensatory damages in the amount of the value of the item converted plus, perhaps punitive damages, since conversion is an intentional tort.

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