Can a court judgment result in my losing my 14 year old car?
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Can a court judgment result in my losing my 14 year old car?
It’s worth $3900.
Asked on June 29, 2015 under Bankruptcy Law, Virginia
Answers:
M.D., Member, California and New York Bar / FreeAdvice Contributing Attorney
Answered 9 years ago | Contributor
It could but as a practical matter it probably won't. To seize your car, resell and do all of the neccessary paperwork, may not be worth the trouble to your creditor. Without more facts it's hard to say for certain. That having been said, in most such cases your vehicle should be safe.
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