August 8th, 2009 — 08:01 am
Becanie asked: My fiance had two vehicles repossessed a few years ago after his ex-wife defaulted on the loans. Can they still come back after all this time and try to sue him for the loan balances even if they resold the vehicles?
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4 comments » | Law Ethics
August 7th, 2009 — 01:04 am
Wonder Woman asked: What are the laws in Arizona if you don’t make your car payment and hide the car? I know someone who hasn’t made their payment in at least 3 months and is hiding the vehicle. I DO NOT CONDONE THIS IT’S A FRIEND OF A FRIEND; I THINK ITS WRONG! Maybe if I present facts this person will be wise and just turn it in!
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1 comment » | Law Ethics
August 5th, 2009 — 09:55 pm
mel asked: I owned a vehichle that was repossessed 2 years and nine months ago. We received letters from the finance company after it was sold a t an auction, telling us that we owed the balance. I did not respond to the letters. It has been almost three years ago,and now I am getting phon calls from a collection agency that is has been turned over to, saying that they will collect the balance owed. With or without my help. Can they do that after almost three years has went by?
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8 comments » | Law Ethics
July 23rd, 2009 — 10:35 pm
edluvc asked: No property or other land is owned.
Ok i guess the question is, Will they take the social sec. income to pay the debt .
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6 comments » | Law Ethics
May 24th, 2009 — 10:09 pm
2 comments » | Law Ethics
April 1st, 2009 — 08:09 pm
didi asked: My mortgage lender recently got a warrant from the court to repossess my flat. I paid the arrears almost £4000. My mortgage repayment is due again on the1st of September. If I default would they come after me again or would they have to reapply to the court for another repossession bearing in mind that I’d only be owing about £400?
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1 comment » | Law Ethics
March 18th, 2009 — 04:37 am
pshao01 asked: What prevents a company from borrowing a ton of money, spending it all, declaring bankruptcy, and never paying back its creditors?
Details: say the CEO gets a huge salary (this is actually borrowed money), buys himself a bunch of toys, then declares bankruptcy and never repays the money. What is the punishment for said CEO?
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5 comments » | Law Ethics
