Legal Question in Credit and Debt Law in Michigan

Car Reposession

I was recently laid off and my car was reposessed. I am currently seeking employment. I reside in Michigan and I was purchasing my car through Chrysler Financial. Last week I received a card taped to my door from a legal process server. It says for me to call because they have a summons for me. I am going to call and go to court. I do have a little savings in my checking account. My question is how far can a creditor go to collect money owed to them? I know they can with hold taxes and garnish wages. Can they legally take money out of a bank account. Thank you


Asked on 3/02/02, 6:02 pm

1 Answer from Attorneys
David McDonagh

Re: Car Reposession

Once there is a judgment one of the ways a creditor can collect the outstanding debt is through Bank Garnishments.

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Answered on 3/03/02, 10:04 am


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