Is a person still reliable if a bank or dealership repossess your vehicle?
Asked on 2/07/13, 2:22 pm
1 Answer from Attorneys
Michael R. Nack Michael R. Nack, Attorney at Law
The word is "liable", not "reliable", and yes, the creditor can sue you for the deficiency balance after the sale of the reposessed vehicle.
Answered on 2/07/13, 3:28 pm