Repossession

You need to review the contract you signed to determine what terms you agreed to. That contract should be reviewed by an attorney.

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There is a time period between when it is impounded and they can dispose of the vehicle, usually selling it for storage fees. You have the right to pay the fine and storage up to the date it is to be sold. Anything that was in the car at the time of impound is supposed to stay in the car. It is still yours until you loose the right to it by letting it stay in impound until the grace period runs out. The time limit is going to vary between different levels of the law and place to place. They have to notify you of the impound by sending a certified letter to the last known address. They don't have to look for you, just the last address they have which is probably the registration. Once the time limit is reached the car and contents will be sold. That's how it's supposed to work, but very often the car gets looked through and anything of any real value is removed by the workers in the impound. There is not a lot you can do because you can't prove what was in the car when it was impounded and the worker at the impound will always be believed over a civilian. It's not right, just the way it is.

death then maybe if you have good layer life

repo men are allowed to be on the property... once they have possession of the car, it is legally theres.

No.

It depends, but as a general rule, the finance company that repossed it will keep possession of it, either on their own lot or at an auto auction for a certain number of days (usually 30-60) unless you pay the balance to get it back. After that, they will send sell it at auction and you will owe any deficiency balance. In other words, if the balance on the car is $7000 and it sells at auction for $5000, you will still owe $2000 to the finance company.

No, but it helps. Many people pay their bills instead of buying groceries, but they can't sustain that for long. The test for bankruptcy is not so rigorous. If you spend what you should to live on, and you cannot pay your other bills as they come due, you can file.

my husban died can i sign a car title in my name to sell it.

Texas Transportation Code - Chapter 683 Abandoned

This is only a partial question, but I'll try to answer what I think the full question might have been.

Either way you are generally liable for the difference between the fair market value of the car and the amount remaining on the loan, so there's no real difference there.

However, voluntarily giving up the car before it's forcibly repossessed can avoid some headaches. For one thing, you'll avoid the repossession fees; for another, you have some degree of control over exactly when it happens, allowing you to do things like remove aftermarket upgrades (stereo stystem, alloy wheels, etc) you may have installed and replace them with the original equipment.

it was there so when one of the race cars crash hard they can git it off the track

If there is additional monies due then the creditor would need to go back to court for a court order to acquire additional funds not met on the original writ.

No time limit but mileage has to be less than 500 miles

If a tornado is approaching and you are in a car abandon the vehicle and seek shelter is a sturdy building. If no shelter is available lie in a ditch or culvert.

Yes, you can sue the borrower and receive a judgment if they defaulted on the loan. They can also sue the cosigner.

The exact answer will vary by state. Each state has its own rules. You should be aware that when the repossession is ordered, the car is not yours any longer. They are asking for their car to be handed over.

The repo man cannot (in most states) cut fences, break locks, open garages, threaten or harass you. They can defend themselves if you become hostile or aggressive. They also can sit patiently and wait for you to take the car out and take it away.

In some states you can be required to pay the repo expenses, so think about that before making the guy come back several times.

As a general rule, you file Chapter 7 bankruptcy in a dire financial emergency, where the level of debt is overwhelming and beyond your ability to reasonably pay it off.

Most Bankruptcy attorneys advise that $10,000 is the min. amount of debt that anyone should have before consider filing Chapter 7. Anything less, they say, is probably manageable

There are a lot of myths and misunderstandings about filing for Chapter 7. One of them is that filing will clear your credit report and give you good credit again....it does not. You get a "fresh start" in that private debts will get discharged, so you do not have to pay them. But your credit score and rating will go down the tubes, and will take a while to recover. This means that you will have a very difficult time when applying for any loans in the future.

So you should think long and hard before filing bankruptcy and only do it in cases of financial calamity or emergency. For more on the specific filing procedures and bankruptcy laws of your state, you may want to visit 4BankruptcyLaws.com

Force Placed Insurance is coverage obtained by the lien holder to cover their interest in the financed property when the buyer fails to meet the required coverage conditions of the finance note. No coverage is provided to the buyer at all, only the lien holder.

Basically if the finance company has obtained force placed insurance coverage then the buyer is already in default on the terms of the finance contract.

The cost of the coverage is added to your bill or finance note without benefit of coverage to the buyer.

car financing is basically when u get 10lac car at 2 lacs thry financial institutions

YES

The maximum under federal law is 25% of disposable income. If the state in which the garnishment is executed has a lower percentage of wage garnishment than 25% that is the one that is assessed.

As a general rule of thumb, no.

To get technical, a bankruptcy does not "dismiss" a judgment. However, the end result is the same- a bankruptcy will "discharge" the debtors responsibility to pay the judgment which makes unenforceable - uncollectible. It is against Federal law to try and collect funds that have been discharged in bankruptcy.

Prior to the discharge in a bankruptcy, and IMMEDIATELY after the filing of your bankruptcy petition, an "automatic stay" by the court is put in place to freeze all collections actions against you.

There are several exceptions which include certain taxes, student loans and fraud.

If money is put into your account by mistake and you notice this, you should tell the bank. It is not your money and you can not keep it.

However, if you genuinely do not notice and happen to spend some of this money, you could make a case to the bank that you have acted in good faith and that you would suffer hardship in repaying the sum. As it will have been the banks mistake in placing the money in your account they may write off the amount....but this is not certain.