Legal Question in Credit and Debt Law in California
Creditors and property
I am soon going to be paying off a vehicle that is in my name. I have a few creditors and am wondering if once that vehicle is under my name (instead of bank), can my creditors take ownership for the debt? I have not filed any sort of bankruptcy.
Asked on 11/13/08, 7:22 pm
1 Answer from Attorneys
Phillip Lemmons, Esq.
Phillip Lemmons APC, Attorneys at Law
Re: Creditors and property
Probably not, unless the car was used to secure the debt or they have an order from the court.
Answered on 11/13/08, 7:43 pm