Legal Question in Credit and Debt Law in Tennessee
our twenty-five year-old son owes us some money. He just got a large check and blew it on electronics. We have the stash locked up. may we sell it for compensation?
Asked on 6/10/10, 8:45 am
1 Answer from Attorneys
Howard R. Peppel
Peppel, Gomes & MacIntosh, P.C.
You cannot sell the equipment unless he consents to you doing so or he gave you a written security interest in the equipment making you a secured creditor which in essence, would allow you to "repossess" the electronics. If you try to sell his equipment without his consent or having a security interest in the property, you will possibly be facing both civil and criminal charges.
Answered on 6/14/10, 7:36 pm