Vehicle Repo Rights
My question involves an auto loan or repossession in the State of: Indiana
I sold a business complete with rolling stock to an individual. I kept the titles and insurance in my name. They are listed as additonal driver on the insurance only. They decide to close the business and not pay off the contract. The balance owing on the contract far excedes the value of the rolling stock. The have been sent notice of default. Can I legally repo the rolling stock? If so are there any legal steps required prior to the actual repo?
There is no dispute concerning the legallity of the contract.
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