Legal Question in Credit and Debt Law in California
i had my truck reposesed about two years ago while i was incarserated. ford sold it . it is on my credit that $7563. has been charged off. so now they are trying to sue me for that amount can they do that after they have recieved a tax write off for that same amount
Asked on 12/30/10, 11:08 am
2 Answers from Attorneys
Joe Marman
Law Office of Joseph Marman
Yes, they can do that.
Answered on 1/04/11, 11:49 am
Yes they can. They'll just have to refund the tax write-off. That's between them and the IRS, not your business.
Answered on 1/26/11, 11:56 pm