Legal Question in Civil Litigation in Illinois

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.

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Answered on 2/07/13, 3:28 pm


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