Legal Question in Credit and Debt Law in Michigan
I was served with a seizure of property over old credit card debt. I purchased a vehicle a month ago. Its the only vehicle I have. I owe 8000 on it, and technically I am a cosigner. Can they take the vehicle? The debt is for a little under 4000.
Asked on 3/22/16, 4:14 pm
1 Answer from Attorneys
Stuart Collis
Collis, Griffor & Hendra, PC
Yes, they can. If a judgment is outstanding, a writ for seizure of property is a proper method of trying to collect on the debt.
Answered on 3/22/16, 6:01 pm