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  1. #1
    Join Date
    Dec 2010
    Posts
    1

    Default Payment for Debt Owed

    My question involves collection proceedings in the State of: Georgia. I let a friend of mine borrow $2000 dollars over a year ago and have not bean paid back. A few months after the money was borrowed he bought a motorcycle and paid cash for it $2650. In good faith he registered and titled the bike in my name with me present for collateral for the debt. I also have the bike insured in my name. There are no liens on the bike and I hold the title. He has recently moved to NC and owes me $120 for the insurance on the bike and the $2000 borrowed. My question is can I legally take the bike from him and sell it. The bike is being stored in his parents garage here in GA Currently there is $33 owed on the balance of the Insurance I previously paid $88. What are my options?

  2. #2
    Join Date
    Jan 2006
    Posts
    38,867

    Default Re: Payment for Debt Owed

    My question is can I legally take the bike from him and sell it.
    are you asking if you can legally take a motorcycle that is legally yours?

    Yes. In fact, if the parents give you any problems, the police shouldn't have any problem assisting you in retrieving your motorcycle. Just have the title in hand to evidence your ownership.

  3. #3
    Join Date
    Dec 2010
    Location
    The Law Office of Garry L. Potts 13575 58th Street North, Suite 126, Clearwater, Florida 33760 Telep
    Posts
    28

    Default Re: Payment for Debt Owed

    Exactly. Explain to his parents that you want your motorcycle back and have the title, registration and insurance with you. If they refuse, call the police and tell them your bike is being held from you. Whatever you do, don't go breaking into their house or garage to try to get the bike on your own. That would be illegal.

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