Legal Question in Credit and Debt Law in California

repossesion

We have a plane, that has been for sale

for a year, & have been unable to sell

for amount due. If it is repossed by the

bank, what will our financial

responsibility be?


Asked on 5/26/07, 7:44 pm

1 Answer from Attorneys
Jonathan Stein Law Offices of Jonathan G. Stein

Re: repossesion

You will be responsible for the difference between the sale price and the amount of the debt.

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Answered on 5/26/07, 11:24 pm


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