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If there is an outstanding balance regarding the original loan amount after the vehicle is sold at public auction the lender can file civil suit against the borrower/debtor. If the lender is awarded a judgment it can be executed as a wage garnisment or other methods of recovery of monies owed as allowed by the laws of the state.
What else can I help you with?
Can disability income be garnished for a repossession?
NOPE
In Mississippi can out of state income be garnished on a small debt owed to a bank in overdraft fees?
And the out of state income is from Alabama
Can the your income tax refund be garnished?
I had a car that was financed through HSBC repossessed last year. It was repossessed. Can HSBC take my federal income tax refund for this repossession?
Can your income tax check be garnished if your wages are already being garnished?
if my wages are being garnished can they still take my income tax check?
Can your federal income tax return be garnished?
If you owe back taxes, or owe the social security, have a judgment aginest you the taxes can be garnished.
Can a certificate of deposit be garnished?
In some rare cases these can be garnished, but are not usually. Your income that is coming in from a job is generally what is garnished.
Can rents from income property be garnished?
no
What are the types of income that can be garnished for child support?
Virtually any income can be garnished as long as it isn't means tested, such as SSI or public assistance.
Can a widows social security income be garnished by a private business?
The answer is no!
Can federal work study income be garnished?
No. Federal work study funds are for educational expenses only and cannot be garnished.
Can your federal wages be garnished?
Yes. Employment income from federal wages can be garnished for taxes, fines, or judgments if lawfully executed.
Can someones income be garnished at 100 percent?
No, the typical amount allowed is 25% of disposable income.
