Re: Can a creditor attach a lien to a vehicle?
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Posted by LadynRed
(199.91.33.254) on September 10, 2003 at 09:31:14:
In Reply to: Can a creditor attach a lien to a vehicle? posted by J. Alan on September 10, 2003 at 09:04:59:
What state are you in ? Whether or not the bike could be siezed if a judgment is granted depends on your state's exemptions. Same exemptions apply to bankruptcy - which goes to equity. Since you only really "own" half the bike, then only half the equity would be considered yours to exempt. Could they place a lien on it ? Possibly, but they rarely do so for vehicles.
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