Legal Question in Credit and Debt Law in Tennessee

How do I collect on a debt where Horses are the collateral?

I have horses that I co-own with another individual. He has not paid his portion of the debt. How do I collect?


Asked on 8/16/06, 11:34 am

1 Answer from Attorneys
Kenneth Caldwell

Re: How do I collect on a debt where Horses are the collateral?

If you have any written agreement with the co-owner the written agreement should outline your remedies. If you don't have a written agreement, I suggest you sue the co-owner for the amount due from him and if he doesn't pay, you may be able to utilize your judgment to take full ownership of the horses.

K.Caldwell (with offices in Chattanooga)

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Answered on 8/16/06, 11:52 am


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