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Kansas Debtor And Creditor Legal Questions

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1 legal question has been posted about debtor and creditor by real users in Kansas. Ask your question and dive into the knowledge of attorneys who handle your issue regularly. Similar topics to explore also include collections, and creditors rights. All topics and other states can be accessed in the dropdowns below.
Kansas Debtor And Creditor Questions & Legal Answers
Do you have any Kansas Debtor And Creditor questions and need some legal advice or guidance? Ask a Lawyer to get an answer or read through our 1 previously answered Kansas Debtor And Creditor questions.
Debtor and Creditor
Kansas

Recent Legal Answers

am i liable to pay for a car that has been reposessed

Answered 9 years and 10 months ago by attorney Neil S. Sader   |   1 Answer
The short answer is yes, just because a car has been repossessed does not mean that the debt has been forgiven. The car dealer will re-sell the car and the original buyer is liable for any deficiency balance on the original purchase price and the new sales price. However, a debt like this could be wiped out in a Chapter 7 or Chapter 13 Bankruptcy. It would also stop any lawsuit by the car dealer for the repossession.... Read More
The short answer is yes, just because a car has been repossessed does not mean that the debt has been forgiven. The car dealer will re-sell the car... Read More

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