Legal Question in Credit and Debt Law in Kentucky
auto repossession & debt liability
Enlisted man in Iraq ~ wife purchases a vehicle in his name that they cannot afford. He is told by JAG Officer that he should let vehicle go back, not make ANY payments, and that under KY law, if he is not in possession of the collateral, the creditor cannot go after him for the deficiency. Please advise. Thank you.
Asked on 1/13/09, 11:09 pm
1 Answer from Attorneys
Michael Hendrickson
Law Office Michael E. Hendrickson
Re: auto repossession & debt liability
Sounds legally plausible, but a Kentucky attorney
experienced in such consumer matters should confirm it.
Answered on 1/14/09, 11:53 pm