Legal Question in Banking Law in Kansas
Car repossesion
I have recently gotten in a ituation were I cannot pay on my car loan anymore. I am thinking abot voluntary repossesion of the vehicle. What will happen after I give the car back...also will I be sued for the remaining balance. What if I cannot pay??
Asked on 1/11/07, 11:38 pm
1 Answer from Attorneys
David Anderson
Anderson Business Law LLC
Re: Car repossesion
Can't advise without seeing your agreement or contract with dealer.
If the value is LESS than amount owed, they may be able to pursue a deficiency judgment.
Call or email for further assistance.
Answered on 1/14/07, 9:29 am
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