Legal Question in Credit and Debt Law in Virginia

Reposession

I had a car repossed when I lived in NC 2001. I now live in VA and was just recently notified by a Law firm out of GA.(they deal with collections) that they are trying to collect the amount due. I went to court in NC and did not have the money to pay for the balance that was due after the car was auctioned. It is now 2006 what are some of my options? I am working a beeter job and have paid alot of my other bills off but do not have the 14k that they are asking for. Can they the law firm take me back to court?


Asked on 4/28/06, 5:10 pm

2 Answers from Attorneys
Michael Hendrickson Law Office Michael E. Hendrickson

Re: Reposession

I would suggest that you arrange for a consultation with an attorney on this matter to determine whether in fact that the deficiency judgment which apparently was obtained by the creditor against you is still valid and enforceable.

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Answered on 4/28/06, 10:59 pm
Jonathon Moseley Jonathon A. Moseley

Re: Reposession

Your question is not entirely clear. I assume you are saying that you already lost a court lawsuit in another state, and a court judgment was entered against you.

If there is a genuine court judgment, in any state, the law firm can file the judgment here in Virginia, for processing by the court here in Virginia. At that point, they can try to execute on the judgment by taking money out of your bank account or garnishing your wages.

Garnishing a bank account can be a problem because you might not be able to pay the rent or mortgage that month. I have seen people get evicted over a debt, which is certainly not what anyone wants. So I would advise you to start keeping enough cash to pay the rent or mortgage outside of your bank account.

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Answered on 5/01/06, 11:31 am


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