Legal Question in Credit and Debt Law in Ohio

voluntary auto lease repossession

Due to Health we want to turn a leased car back to the bank. 2 years left, approx, 9000.00 left to pay.

Can the bank place a lein on property, what other ways can they collect? We live on my husbands SS disability and small pension. I am out of a job and cannot find work.


Asked on 1/20/01, 10:48 am

2 Answers from Attorneys
Gregg Manes Gregg A. Manes, Esq.

Re: voluntary auto lease repossession

The bank can place a lien on your real property. Your income is exempt from atachment since you are on social security and receiv a pension. I would suggest calling the bank and tell them that you are judgment proof ie. no assets to attach and they may write off the debt.

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Answered on 2/14/01, 10:20 am
Gregg Manes Gregg A. Manes, Esq.

Re: voluntary auto lease repossession

The bank can place a lien on your real property. Your income is exempt from atachment since you are on social security and receive a pension. I would suggest calling the bank and tell them that you are judgment proof ie. no assets to attach and they may write off the debt.

Read more
Answered on 2/14/01, 10:21 am


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