Legal Question in Credit and Debt Law in California

Re: Truck Towed

With respect to the truck, the towing company did what they are allowed by law to do. The owner or management of the apartment complex has the right, assuming that the property is properly posted and you signed rules stating that all vehicles parked on site must be currently registered, to tow the truck. The towing company has the right to be paid for the work it did in towing and storing the truck. Is it excessive? Possibly, but there is not a lot of regulation on what they can charge you. Is it possible that there is still a $1,000 deficiency after they sold the truck - very likely so. A 1986 Nissan truck, depending upon condition, isn't worth a lot of money at a wholesale auction. The towing company is not required by law to hold-out for the highest price possible - they have the right to sell it at just that - wholesale auction prices - which are well below its fair market value. Its very likely that the truck was sold for less-than what you owed them. I would suggest working out a deal with the towing company to repay them something - shoot for a smaller amount, with payments over time. Otherwise, threaten them with bankruptcy if you can't reach a suitable deal.

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