Re: Civil warrant

Posted by Why Chat (12.77.150.125) on April 22, 2002 at 13:44:19:

In Reply to: Re: Civil warrant posted by sgo on April 22, 2002 at 13:05:09:

This board discusses credit card debt primarily.
The laws for "sale of goods" are in each State's Universal Commercial Codes. Generally speaking, they can repossess anything, and sue you for the difference in value, much like a car repossession.If you want to avoid losing your asset AND having a deficiency judgment lodged against you, I suggest making whatever payment arrangements you can. Unless there is something else involved, like poor merchandise or faulty disclosure on the financing statement.

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