Legal Question in Credit and Debt Law in Florida

A couple of years ago a family member turned his car back to the credit union after his business closed. The credit union then won a judgement of $40,000. I was able to help him get dependable transportation with a vehicle that is worth about $15,000. I was told recently that since the vehicle is in his name and the credit union has the judgement that they can show up at any time and just take this vehicle. Is this true or is he permitted to have this vehicle. We live in Florida if that makes a difference with the law.

Thanks for your assistance.


Asked on 11/17/10, 8:55 am

1 Answer from Attorneys
Lucreita Becude Lucreita D. Becude, P.A.

It will depend. Written contracts is five years. However, they can renew them in hopes of getting funds. Therefore, if there judgment included certain assets, they could go after the car.

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Answered on 11/22/10, 10:02 am


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