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Probably. When you signed the loan, both parties likely agreed to the terms. It doesn't matter who is in "posession", because the loan company holds title. Call the loan company up and offer a payment schedule that works for you. Beleive me, they don't want the car back. They want you to pay off the car.
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Can a creditor take a car that is in two names if the lawsuit is only against one person?
Generally, if the car is jointly owned, a creditor may be able to go after the co-owner's interest in the vehicle. However, laws vary by jurisdiction and the specific circumstances of the case can also impact how the creditor can pursue the debt. It is advisable to consult with a legal professional for guidance on this matter.
Can you trade in a car on your own that is jointly owned?
NO, both owners must sign the transfer.
If a credit card company gets a judgment against you can they take your drivers license?
No. The judgment creditor might take your car and sell it to pay part of the judgment, but your license has no intrinsic value for sale. In addition, the judgment creditor is not permitted to seize your license or ask the state to seize it until you pay the judgment.
You owe suntrust 1400 dollars can the creditor seize your car?
Yes unless you change the ownership documentation to your partner's or family member's name. Then the vehicle isn't technically yours :)
What is the Reposession Law for Florida?
Generally, your creditor has legal authority to seize your car as soon as you default on your loan. Once you are in default, your creditor may repossess your car at any time without prior notice and may come onto your property to do so. However, the creditor may not commit a "breach of the peace" by using physical force or threats of force. If this occurs, your creditor may be required to pay a penalty or compensate you for any harm done to you or your property.
Can jointly owned personal property and assets be taken if the repo car was only under the spouse?
YES, they can be taken BUT NOT kept. ALL PP belongs to the debtor and the DEBTOR will have to redeem it.
What if someone has sold you a car with a lien?
I think you may have meant "lien" instead of "lean". A lien is a monetary (money) debt placed against a possession by a creditor who has not been paid by other means. If an owner sells his cat on which a lien has previously been placed, the lien belongs to the person (i.e. the other person who owned the possession before); a lien does not "follow" the car or other possession, it follows the person who owes the debt. If a seller sold you a car with a lien against it, you need to contact an attorney to get the lien removed from your-now-owned car. You or your attorney needs to notify the creditor/lien holder that you bought the car without knowledge of the lien. The creditor would then need to identify a different possession owned by the other person in order to attach the lien to that possession, and not to your car.
Who are the owners of the company Car Craft in the United Kingdom?
CarCraft in the United Kingdom is jointly owned by Noel and Darren McKee. They are the sons of Frank McKee, who originally founded the company in 1951.
who owned the car before that?
who owned the car before me?
If you have a judgment against you and you live in Texas and don't have a house or car in your name can they take money out of your checking account?
Yes. Texas does not allow wage garnishment for creditor debt but it does allow bank account levy even if the account is jointly held.
If you have defaulted on credit cards can they seize the car you own?
Theoretically a creditor/plaintiff can sue, win a judgment and execute the judgment against non-exempt property owned by the debtor/defendant. If the state's vehicle exemption does not give adequate protection against a creditor judgment it could be seized and sold, but that is highly unlikely. Judgment holders prefer to use wage garnishment or bank account levy to recover monies owed, instead of the hassle of taking possession of real property and all the responsibility that goes with it.
Your father signed over his car title to daughter shortly before he died. Can a creditor seize the car to pay for deceased father's debts?
If he gave it to her within two years of his death, the executor can pull the asset back into the estate to insure creditors are covered. Consult a probate attorney.
