Legal Question in Business Law in Michigan

If you stopped paying, the note holder would repossess the motor home in the same fashion that it did a regular car/vehicle. After a few months of your non-payment, they would take it back, sell it at an auction, and then attempt to collect the difference from you. However, if you have limited income, assets, and money, they won't have anything to garnish. Do not let them pressure you into giving them money -you're throwing money at them that you don't have, and it's not enough to resolve the situation entirely, so it's only delaying the inevitable. You may wish to consider filing bankruptcy if you have other dischargeable debts and limited income, and no way of paying them back. While these creditors likely won't be able to garnish anything from you, they can still make your life very stressful, whereas as bankruptcy makes them go away forever.

Remember that while SS and some pension checks can't be garnished, once they are deposited into a bank account, most of the funds are free game. So keep that in mind when you have a bank account, and whether it is in your name only, or joint. If you are garnished by a creditor, and the funds they took are from SS, you have to object to the garnishment, having a hearing, and then the court will likely order the funds returned to you. Obviously it's best to avoid this entire situation in the first place.