Legal Question in Credit and Debt Law in Georgia

car repossession

if vehicle was repossed ,then resold ,am i still liable for payment


Asked on 2/17/07, 5:45 pm

2 Answers from Attorneys
Scott Riddle Law Office of Scott B. Riddle, LLC

Re: car repossession

You should know what your loan documents say before you sign them. We don't have them. Get them out and read them. However, it is safe to assume that you are liable for the money you borrowed, not the value of the car.

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Answered on 2/17/07, 5:49 pm
Glen Ashman Ashman Law Office also dba Glen Ashman Attorney

Re: car repossession

Yes (assuming it was properly sold and there's a deficiency). Towing and storage fees, as well as attorney's fees, are added to the balance.

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Answered on 2/17/07, 6:15 pm


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