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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 ...
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 ...
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.
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 ...
Pursuant to the Constitution, the Court of Appeals "reviews not only the decisions and orders of the Regional Trial Courts awards, judgments, final orders or resolutions of, or authorized by administrative agencies exercising quasi-judicial functions mentioned in Rule 43 of the 1997 Rules of Civil Procedure, plus the National Amnesty Commission ...
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The lienholder must go to court and obtain an order of replevin. In many cases, parties initiating a replevin action will elect not to gain immediate possession of the collateral or other wrongfully-held property and will instead file the replevin action without posting a bond.
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