Legal Question in Credit and Debt Law in Nevada

repo of a boat

I had a boat repoed about 2 years ago. I recently received a letter demanding I pay the balance which is over 15k. I can't pay this off and I am not in the position to even make payments. Am I reqired to pay this. What actions can be taken against me?


Asked on 4/01/07, 12:42 pm

1 Answer from Attorneys
Jeffrey Cogan Jeffrey A. Cogan, Esq., Ltd.

Re: repo of a boat

They can sue you and garnish your wages. They have six years from the date of your last payment to sue you. Many times they just threaten but for $15,000,they will probably sue.

If you hire an attorney to write a letter, they telephone calls and letters must stop.

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Answered on 4/01/07, 9:14 pm


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