Legal Question in Consumer Law in Michigan

repossessed cars

What is a person's fianancial responsibility after a car has been repossessed?

The car was repo'd in Michigan, but the creditor is in Wisconsin. Does that have a bearing in the matter?


Asked on 9/18/06, 12:51 pm

1 Answer from Attorneys

Rochelle Guznack Law Offices of Rochelle E. Guznack, PLLC

Re: repossessed cars

If there was a balance owing on the repossessed vehicle, the borrower is responsible for the outstanding balance. It does not matter where the debtor and lender are located.

Good luck.

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Answered on 9/18/06, 5:21 pm


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