Legal Question in Credit and Debt Law in Florida

Hello -

I had my motorcycle repoed because I haven't had any work like a lot of other people

these days, anyway they sold it at auction for 4-m less than what I owed on it.

I have a 2000 Ford E250 cargo van in good shape with 94-m miles on it, can the

finance co try to get this for 4-m difference if the van is worth that much I do not

know the value of the van. Should I put the van in my parents name or what?

Please advise.

Tnx..>


Asked on 10/15/09, 3:08 pm

2 Answers from Attorneys
Brent Rose The Orsini & Rose Law Firm

Yes, they can go after the van. You can put it in your parents' name, but a law says that they can get it anyway within one year, even if you put it in your parents' name.

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Answered on 10/15/09, 3:24 pm
Philip Duvalsaint Philip A. Duvalsaint, PLLC

Unless it was pledged as additional collateral, you may be able to claim it as exempt from levy, You should consult with an attorney.

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Answered on 10/15/09, 3:54 pm


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