Blog Posts in August, 2016

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  • Liability for Debt of Deceased Spouse
    Liability for Debt of Deceased Spouse

    Question: My father passed away. He owes more on his car loan than market value of the car. Can we ask the bank to repossess the car? Who pays the remaining balance? My mother does not have the money ...

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  • Liability for Debts of Parent
    Liability for Debts of Parent

    Question: How can I insure that I am not liable for my mother’s debt? My mother has substantial credit card bills, which she is unable to pay from her limited income. She refuses to consider ...

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  • Liability for Deficiency- Trailer Repossessed
    Liability for Deficiency- Trailer Repossessed

    Question: I had a travel trailer repossessed. I was behind 4 months. I had been paying for this trailer for 8 years, and had no problems making payments until a recent slowdown at my job. I was ...

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  • Liability for Deficiency
    Liability for Deficiency

    Question: If your car was repossessed and then they sold the car, do you still have to pay for the car? The place where I bought the car had it repossessed and then sold the car for what was owed and ...

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  • Liability for Extension of Credit to Spouse
    Liability for Extension of Credit to Spouse

    Question: Am I liable for a deficiency on my ex-spouse’s repossessed vehicle? In 2006 my then-spouse purchased a vehicle. He defaulted on the payments and the bank repossessed the vehicle. Now the ...

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