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Also, it might not work as the lender can secure a court order to sell your car anyway. ... If you owe $12,000 on the loan, for example, and the lender sells your repossessed car for $8,000, the ...
On August 30, 2022, the Supreme Court of the Philippines issued a temporary restraining order suspending the No Contact Apprehension Policy of the Metropolitan Manila Development Authority (MMDA) and the cities of Manila, Quezon City, Valenzuela, Parañaque, and Muntinlupa.
In Italy, repossession if possible only if an executive order by a court is issued [10] and must be performed by a special public official only (ufficiale giudiziario). [11] Repossession by self-help is in general illegal and constitutes theft. Repossession by self-help of a stolen property is legal only if made by the owner of the property and ...
A court order is an official proclamation by a judge (or panel of judges) that defines the legal relationships between the parties to a hearing, a trial, an appeal or other court proceedings. [1] Such ruling requires or authorizes the carrying out of certain steps by one or more parties to a case.
The effects of the coronavirus pandemic have been especially burdensome on auto loans borrowers. Unlike student loans and mortgages, there are no government-backed relief programs to cover a ...
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Vehicle immobilization is a key part of the act of impounding.. Vehicle impoundment is the legal process of placing a vehicle into an impoundment lot or tow yard, [1] which is a holding place for cars until they are placed back in the control of the owner, recycled for their metal, stripped of their parts at a wrecking yard or auctioned off for the benefit of the impounding agency.
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