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Auto Loans and Repossession Creditor actions following late payment or default on motor vehicle loans.

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Old 02-09-2009, 12:08 PM
kirk92s kirk92s is offline
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Default Protections from the Bank
My question involves an auto loan or repossession in the State of: Texas
If my car is in the proccess of repossession what kind of protections do i have from the bank?
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Old 02-09-2009, 12:27 PM
seniorjudge seniorjudge is offline
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Default Re: Protections from the Bank
What do you mean by "protections"?
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Old 02-09-2009, 12:38 PM
kirk92s kirk92s is offline
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Default Re: Protections from the Bank
As far as wage garnishments , liens on the house....
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Old 02-09-2009, 12:40 PM
seniorjudge seniorjudge is offline
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Default Re: Protections from the Bank
Quoting kirk92s
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As far as wage garnishments , liens on the house....
I am not clear on what you are asking.

But if the bank gets a judgment against you, there may be wage garnishments on you and there may also possibly be liens on your house.
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Old 02-09-2009, 01:19 PM
Mr. Knowitall Mr. Knowitall is offline
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Default Re: Protections from the Bank
There won't be wage garnishments in Texas.

There are a variety of exemptions that could protect your assets from seizure and sale. Odds are, though, they'll target your savings and checking accounts.
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