Legal Question in Credit and Debt Law in Florida
Hello -
I had my motorcycle repoed because I haven't had any work like a lot of other people
these days, anyway they sold it at auction for 4-m less than what I owed on it.
I have a 2000 Ford E250 cargo van in good shape with 94-m miles on it, can the
finance co try to get this for 4-m difference if the van is worth that much I do not
know the value of the van. Should I put the van in my parents name or what?
Please advise.
Tnx..>
Asked on 10/15/09, 3:08 pm
2 Answers from Attorneys
Brent Rose
The Orsini & Rose Law Firm
Yes, they can go after the van. You can put it in your parents' name, but a law says that they can get it anyway within one year, even if you put it in your parents' name.
Answered on 10/15/09, 3:24 pm
Philip Duvalsaint
Philip A. Duvalsaint, PLLC
Unless it was pledged as additional collateral, you may be able to claim it as exempt from levy, You should consult with an attorney.
Answered on 10/15/09, 3:54 pm