Can A Judgment Creditor Take My Car?
A judgment creditor is someone to whom you owe money. If you do not pay what you owe, the creditor can take legal action against you to get their money. In some cases, the creditor may be able to take your car if it is determined that this is the best way to collect on the debt.
If you are facing this situation, there are a few things you should know. First, the creditor must obtain a court order before they can take your car. Second, even if they are able to take your car, they can only sell it for enough money to pay off the debt owed – they cannot keep any additional funds for themselves.
Finally, it is important to remember that even if a creditor does take your car, you may still owe money on the underlying debt.
The Law Offices of Omar Zambrano has helped thousands of people and businesses in the past to geting out of debt and start over.
Our goal is to help you find a fresh start FAST!
Schedule your free consultation today! By Calling 626-338-5505 or visiting us at 12738 Ramona Blvd Baldwin Park CA 91706