Pennsylvania  |  Credit and Debt Law

Legal Question

Asked on: 11/02/12, 1:34 pm

If I had a vehicle reposesed and they sell it at an aution, am i responsible to pay the difference in the amount that I owed on the vehicle and what they got for it at aution?

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Answered on: 11/02/12, 2:09 pm by Roger Traversa

Yes.


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Arjont Group (Law Office of Roger Traversa) P.O. Box 1932 Philadelphia, PA 19105

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Answered on: 11/05/12, 11:57 am by Matthew Nahrgang

Yes. However, they often don't sue to collect it so you may never actually have to pay it. If the debt is significant or you have other debts, you could consider a bankruptcy.

I would be happy to advise you by phone or e-mail on a free initial basis.


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Nahrgang & Associates, P.C. 35 Evansburg Road Collegeville, PA 19426

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