Re: Nothing...

Posted by Joan on September 01, 2005 at 10:21:31:

In Reply to: Nothing... posted by Ward-CA- on August 31, 2005 at 13:24:06:

: Joan,

: It would depend if your creditor thought you had sufficient equity in
: your used car to make it worth their while to go after. Also, most states
: have exemptions as to what a creditor can seize from a debtor to
: satisfy their judgments.

: It's common that they can NOT take your family car, because without
: transportation there's a high probability you'd become unemployed
: and burden on the state's unemployment fund.

: So I don’t think you have anything to worry about as far as losing your
: car is concerned.

: Hope this helps,

:
: ~~~~~~Ward~~~~~~~

:
: : i AM wondering if they can take my car for any amount left owed on
: my house after they sell it. What about the second mortgage company.
: I have not heard from them at all.

Follow Ups:

• what do i do - JOan 10:23:31 09/01/05 (0)

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Comments:
: : Joan,

: : It would depend if your creditor thought you had sufficient equity in 
: : your used car to make it worth their while to go after. Also, most states 
: : have exemptions as to what a creditor can seize from a debtor to 
: : satisfy their judgments.

: : It's common that they can NOT take your family car, because without 
: : transportation there's a high probability you'd become unemployed 
: : and burden on the state's unemployment fund. 

: : So I don’t think you have anything to worry about as far as losing your 
: : car is concerned.

: : Hope this helps,

: : 
: : ~~~~~~Ward~~~~~~~

: : 
: : : i AM wondering if they can take my car for any amount left owed on 
: : my house after they sell it. What about the second mortgage company. 
: : I have not heard from them at all.



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