Prize Money & Auctioning Property to pay debt
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Posted by Needtoknow
(67.248.74.61) on April 20, 2004 at 14:32:54:
When a company auctions off a vehicle or other item belonging to a creditor to pay a debt, if they get more money than is owed, do they returned the extra money to the creditor? What happens if someone wins the lottery or prize money from an outside source? Can the creditor take that money before it is given to the person who won it if they have not taken the person to court and received a judgement? Thanks Tia
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