If a small car dealership financed my cr and the owner got accused of a Class A felony and might go to prison, what should I do?
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If a small car dealership financed my cr and the owner got accused of a Class A felony and might go to prison, what should I do?
I have been paying on my vehicle for over 2 years. The man owner got accused of a Class A felony for stealing property over $50,000 and has not yet been convicted. Who do I pay? Do I get my title? I’m unsure what I need to do.
Asked on October 16, 2018 under Business Law, Missouri
Answers:
SJZ, Member, New York Bar / FreeAdvice Contributing Attorney
Answered 6 years ago | Contributor
You keep paying who you have been paying until and unless you receive some legal notice to the contrary (e.g. something from a trustee or receiver, with a court order, that they are taking over the finances, etc.). An arrest, charges, even conviction does not by itself change anything.
If you should have gotten the title already and have not, file a lawsuit aginst the dealership seekig a court order that they provide it to you. If under the terms by which you bought the car, you are not yet entitled to title (e.g. you don't get it until payment is complete), you can't do anything about it until and unless they fail to provide when they are supposed to.
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