IM on disablity SSI An judgement was placed. Not for tickets But because i owe the bank $4000 I just brought acar for $200.Do your car have to be a sudden price for the marshals to be able to take it ?
2007-03-25 14:50:30 · 3 answers · asked by goodsumthing369 1 in Politics & Government ➔ Law Enforcement & Police
I think there has to be a warrant issued before anything can be taken. I doubt that a judge would issue a warrant to take a $200 car, or that the creditor would want it, as it would cost more in fees to repossess and resell the vehicle than one could realistically think you could get from it.
If a warrant has been issued already, or a judgment, read it and see what it says.
2007-03-25 14:56:47 · answer #1 · answered by Anonymous · 0⤊ 0⤋
no. you are probably thinking about Bankruptcy law where you are allowed to keep a car under a certain dollar amount of value if free and clear and any amount if you reaffirm the debt on the vehicle if money is owed on it.You have a judgement against you and since you have NOT filed bankruptcy they can take your car,levy against your bank account put a lien on any real property that you own and garnish your wages.They MAY even be able to garnish your ssi check.Since it is probably direct deposited in your bank they can come after it.If I were you I would consult an Atty. to get everything resolved.The other party can always re-affirm the judgement every 5 years with interest until paid and THAT will mess your credit up even further.GOOD LUCK
2007-03-25 22:03:55 · answer #2 · answered by tenacious 1 2 · 0⤊ 0⤋
I seriously doubt they would take a car worth 200 dollars. The point of taking things from you is to sell them to repay the debt. And with teh time involved in taking the car and what they could sell it for it would be a waste of time.
2007-03-25 22:20:24 · answer #3 · answered by sociald 7 · 0⤊ 0⤋