Can An Individual's Car Be Taken in A Judgement For Debts Other Than A Car Loan
Yes, a vehicle may be taken by a creditor to pay certain delinquent debts even though one has no car payments and owns the title to the vehicle free and clear. This process is referred to as levy in aid of execution and is carried out by the Sheriff's Office at the request of a judgment creditor.
Related Articles
Can This Remove A Car Loan
Debt Removal Secrets will not work if one still possesses the vehicle. A vehicle/home/boat is considered a secured debt because an asset can be seized. If the the car is no longer in one's possession, the debt / derogatory mark itself can be removed ...
How Much Will Taxes Be With Vehicle Sold To The Trust
If the vehicle is sold for $1 then the taxes are minimal. Notify the State’s DMV through a Bill of Sale of the transfer. Keep paying the car loan, if any, but now through the trust’s bank account.
To Remove Student Loan Debts - Should We Sue Department of Eduction or Service Provider
Yes, the Department of Education can be sued via the Federal Tort Claims Act (FTCA) which allows individuals to use a federal government agency for damages, loss of property, personal injury or death due to negligent or wrongful actions taken by that ...
How Many Vehicle Trusts Should Be Created
Logically, separating each vehicle into its own trust, in case of any accidents, will have the most benefits.
Can Any Entity Title a Leased Vehicle
No, at no point during the lease agreement does one actually own the vehicle, it remains the property of the leasing company. What that means is that the dealership or fleet leasing company owns the vehicle and is legally responsible for it. A ...