Legal Question in Credit and Debt Law in Pennsylvania

If I had a vehicle reposesed and they sell it at an aution, am i responsible to pay the difference in the amount that I owed on the vehicle and what they got for it at aution?


Asked on 11/02/12, 1:34 pm

2 Answers from Attorneys
Roger Traversa Arjont Group (Law Office of Roger Traversa)

Yes.

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Answered on 11/02/12, 2:09 pm
Matthew Nahrgang Nahrgang & Associates, P.C.

Yes. However, they often don't sue to collect it so you may never actually have to pay it. If the debt is significant or you have other debts, you could consider a bankruptcy.

I would be happy to advise you by phone or e-mail on a free initial basis.

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Answered on 11/05/12, 11:57 am


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