Legal Question in Credit and Debt Law in North Carolina

I have to fill out an exemption form for a debt collector and it states that I can have 1500.00 exempt for one vehicle. My car was repoed last year and I had to pay it off to get it back It is a 2003 Honda Element. Will I lose my car. They have been trying to collect for 8 to 10 years and I dont have any property. My car is about the only thing I have


Asked on 3/22/10, 3:11 pm

1 Answer from Attorneys
Jeff Rosner Rosner Law Firm P.A.

You should have $3,500.00 for a car and you should have an additional $5,000 for a wildcard exemption if you don't use it up for other items. Seek advice from an attorney if the form does not say that. The clerks of court don't give legal advice but maybe you can go to the clerk of court and verify that you were served with the most recent form.

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Answered on 3/27/10, 5:31 pm


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