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  1. #1
    Join Date
    Jun 2009
    Posts
    3

    Default Indiana Auto Repo, Now Being Sued for Difference

    My question involves an auto loan or repossession in the State of: Indiana

    I recently got a letter from a lawyer stating I am being sued by Wells Fargo for an auto that I tried to have repoed because I left my job as a mortgage broker and couldn't afford the payment anymore. I owe about $17K.

    What can they do to me? Can they garnish my wages.... I bearly make it as it is right now. I probably have about $300 a month disposable income after I pay everyone else.

    Thanks for any help you can offer... I am freaking out!

  2. #2
    Join Date
    Jun 2009
    Posts
    3

    Default Re: Indiana - Auto Repo Now Being Sued for Difference

    I did have it repoed and it was sold... that is were the 17k comes from... thanks again in advance

  3. #3
    Join Date
    Jul 2008
    Posts
    853

    Default Re: Indiana - Auto Repo Now Being Sued for Difference

    If they sue and win, they can take 25% of your post tax income, IIRC.

  4. #4
    Join Date
    Sep 2005
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    98,846

    Default Re: Indiana - Auto Repo Now Being Sued for Difference

    The exemption from wage garnishment is 75% of disposable earnings or 30 times the federal minimum hourly wage, whichever is greater. So, depending upon your income, they may not be able to garnish 25% of your income.

  5. #5
    Join Date
    Jun 2009
    Posts
    3

    Default Re: Indiana Auto Repo, Now Being Sued for Difference

    So if I make $42,000 a year and each month I have lets say $500 left over each month... how much can they take?

    25% of post tax would be about $30,000. So they could take $7500 a year? or $625 a month?

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