Found an issue on this page? Let us know and we will look into it as soon as possible.
I am being sued for back rent and am extremely concerned that they will be able to repossess my 1997 Audi A6.
Anonymous6 views3 answers
I received the car upon my mothers death. They current market value of the car ranges from $1,064 up to $1,500 if in mint condition. My car would fall in the $1,064 range. The amount of the lawsuit will be for $2,641.
They could, but unlikely they would. It is of some trouble to seize and sell a car and it is not certain they would get anything near the value. And they cannot do so until they have a judgement against you.
Richard J. ChertockReal Estate AttorneyMelville, NY ·
It is possible but highly unlikely. They are more interested in finding liquid assets. Make a lump sum offer somewhere around 50% of the judgement amount and convince them that you have no other assets or prospects. They may take and let you off the debt.
