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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

On what basis are compensatory damages for breach of contract calculated?

Normally, compensatory damages are measured by the party's expectancy, or what the parties should have reasonably foreseen as flowing from the breach.

Parties may also receive reliance damages for the expenses caused by relying on the breached contract or restitution damages for the expense of assets conferred on the breaching party.

Do debtors have the right to repossess merchandise?

Debtors are the ones who owe on the merchandise. They bought it, but borrowed (by a loan, agreement to pay as with a credit card, etc.) to pay for it. They don't generally repossess stuff if it is taken from them. The person who whom the debtor is indebted, the debtee, is the one who generally repossess the stuff. Can a debtee try to retake possession of something that he purchased and then had repossessed? I guess. But on what grounds? Payment(s) is(are) owed on it. It was taken because payment was not made. Does a debtee have the right to repossess stuff if the terms and conditions of repayment are not met? Yes. Repo men pick up cars all the time. A television can be repossessed. But one's house cannot be broken into in order to do so. There are "rules" covering these activities, and they vary from place to place. The basics are the same, however. When sorting these things out, there are three basic suggestions. First, change places with the other party and consider how you would want to be treated if someone owed you money. And be honest about it, as well as fair. (If someone borrowed money from you to buy a car and got "too far" behind in the payments, wouldn't you take the car back to protect your investment? Most folks would. Why wouldn't the loan company? Same with merchandise. Someone will knock on the door and ask for goods back.) Second the law and its application are the venue of the court. It's what the judge says that counts, not what you say or what the other party says. Lastly, if the issue is at all substantial (meaning high dollar consequences) a legal professional is the best person to get advice from. (This answer, by the way is not legal advice. It's just some thoughts on the issue.) Legal pros will usually offer free or low cost legal advice, at least on an initial consultation.

Do you need a repossessor's license to repo in Illinois?

Not that I can tell from reading the IL code. You will need the proper plates on your tow truk or they will snag you quik.

Yes you need a license in Illinois. Check with I.C.C. and you need proof of insurance.

No. As of this writing, individual agents are not required to have a "repossessor's license" as long as the company they pull for DOES have an ICC issued Repossession License.New legislation is in progress however , and that may change in the future.

Vehicle repoed 2 years ago last week citation was issued 12 days left to reply What happens if do or don't reply husband is self employed so if reply isn't made what can they do to us?

You should always reply if you don't they will get a default judgement.Reply state your case the best you can.Look for help on the web.The worst that can happen is a judgement....you will not be thrown in jail and they cannot take your home(unless you put it up as collateral).Good luck

Can landlord keep goods after moving out And can he charge for having to move or store even if it's in the rental unit the property?

It depends on what state the property is located in. I am a real estate professional in Nevada, and according to our state laws, a landlord must store left behind property for 30 days. If it in not claimed by the 30 day period, the landlord is free to do what he wants with it. Additionally, the landord cannot retain the renter's property against the renter's will. As your former landlord, I might file a lien on your property if it's left in the unit and you owe me back rent, or something of that nature. But if you abandoned your crap, I'm going to bill you, by the hour, for moving it, as well as any rental money I couldn't earn because you left your crap in the unit. Then, if I have to sue you to collect, these amounts (and any back rent) become actual damages. Add court costs, punitive damages and reasonable attorney fees to that judgment, where allowed by statute. And by the way, 30 days passed, so I sold your belongings to a crap dealer ;-) I hope I didn't arbitrarily lock you out of your home (without going through proper eviction proceedings) and hold your belongings for ransom, because I think that would cast a different light on tings.

What is the arrest charge of no evidence of security?

what does no evidence of security mean? what does no evidence of security mean?

What is a felony vehicle manslaughter?

Vehicular manslaughter occurs when an individual unintentionally causes the death of another through negligent operation of a motor vehicle.

Manslaughter by definition is unintentionally causing the death of another individual through negligent or wanton means. This is different from homicide based on the perpetrator's state of mind - homicide occurs when someone acts to intentionally cause harm to another. Manslaughter occurs as an incident to an act that is illegal or negligent (e.g. driving under the influence, reckless driving) but not an act that is meant to cause harm. Therefore intentionally running someone over is not manslaughter, even though it did occur with a vehicle.

How do you proceed with a liability lawsuit against someone who has filed for bankruptcy to avoid penalties?

You can't, unless the liability is for fraud. You can file a motion for relief from stay, but it will not likely be granted. Unless the court grants you relief from the automatic stay, you cannot proceed. The liability will be discharged.

Is a trolley car a cable car?

No. Trolley cars are powered by an electric cable, and have electric motors. Cable cars, such as the ones in San Francisco, have a steel cable that moves in a slot in the street. The cable car has a "grip" that clamps onto the cable, and the car is pulled along until the "grip" is released.

Can you do chapter 7 after repo?

There is nothing about a repossession which prevents eligibility to file for bankruptcy.

Where is the best place to hide a stolen lobster?

1. Not in your pants 2. In a pot of boiling water 3. In your stomach 4. If none of the above work try putting it in an iced plastic bag under your mattress

Can you trade in car before repo?

If the repo-man is looking for your vehicle, you do not own the vehicle yet. If you take the vehicle in for trade-in, they will have to contact the person who owns the vehicle to get permission to trade it (meaning whoever loaned you the money). Whoever they call is bound to mention that they are in the process of repossessing your vehicle. In alot of cases you need ownership of the vehicle and only a title can prove that to trade in a car.

How much is a repo license?

in Alberta you have to be a Baliff or a Sheriff in order to REPO things. I have a towing and storage business for last 35 yrs, I help Sheriffs and baliffs tow these to my place till past due payments are made,or sent to Auction. Not a nice job, kicking people out of there homes, taking there vehicles away.furniture?? they get beat up, spit on, shot at.and the pay is terrible,.why would you want to do that?

Where is a graffiti shop in Colorado?

sorry man but i dont think there are any... but i might be wrong xD. anyways check me out i write NAROE.

Aunt is executor of will and stole all the family money. What can be done?

Take her to court. You can petition the court to remove her as executor. She has to provide a complete accounting of the money to the probate court. You could press charges on her and get all the money back and even more.

If your car is repossessed in Virginia while you are on disability for mental illness is there any legal protection when the bank attempts to collect?

I am NOT an attorney. However, I have not heard of your situation stopping the lender from GETTING a judgment. COLLECTING on that judgment is another deal in itself. I suggest you call a local attorney for state specific advice.

Is an insured driver on your policy responsible for damages that they have not repaired on your vehicle?

== == In the event that you got into a car accident and it was not your fault but the other driver's, if he is insured, his insurance company is liable to pay for the damages of your vehicle.

On the other hand, if the other driver is not insured, your own insurance company, provided you have a policy regarding uninsured or underinsured drivers, will be responsible for the damages your vehicle has incurred. They however, may have a right of action against the person responsible for the accident.

The person who caused the damage to your vehicle is ultimately responsible for the damage to your vehicle regardless of whether there is an applicable insurance coverage or not. Whether you actually have the repairs done is none of their business.

What are domestic sales?

Domestic sales are those made where both seller and buyer are conducting business within the same borders.

What is defrauding?

-verb (used with object)to deprive of a right, money, or property by fraud: Dishonest employees defrauded the firm of millions of dollars.

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