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 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 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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