In Alabama, something purchased on credit or something offered as collateral can be repossessed, but there are several laws outlining how this can be done, states AlabamaLegalHelp. These laws revolve around a signed agreement between a purchaser and a creditor and provide limits and obligations for both.Know More
A creditor cannot repossess a house or land, nor can it enter a house without permission to repossess items inside, explains AlabamaLegalHelp. Repossessions usually involve automobiles, and these repossessions can only be performed without force, threats or trickery. A creditor does not need to request action from a court or provide prior notification of a repossession. Once an automobile is repossessed, a creditor must notify the debtor of his right to get the car back, but this often requires payment of the full balance owed. Filing bankruptcy does not give the debtor the right to get the automobile back.
After a car is repossessed in Alabama, the creditor has the right to file suit for any balance still owed, says Nolo. The creditor may sell the car at auction and if the amount received is less than the amount owed on the loan plus any costs incurred, the debtor is still responsible for the difference.Learn more about Law
NOLO lists the crimes classified as Class-C felonies in Alabama as criminally negligent homicide, second-degree receiving stolen merchandise, stalking and interfering with custody rights. This list does not include all possible criminal acts in this class.Full Answer >
A statute called the Texas Business and Commerce Code Section 9.609 says a creditor can use self-help repossession but can only seize collateral if it can be done without a breach of the peace, according to Weber Law Firm, P.C. Getting a court order or filing a lawsuit are other options for creditors.Full Answer >
Although legal reforms have abolished many of Texas's "blue laws" (religion-motivated laws governing sales on the Sabbath), it is still illegal to sell liquor on a Sunday in Texas (along with 11 other states, including Alabama, Minnesota and Oklahoma) as well as to open a car dealership on more than one day over a weekend. Until 1985, it was also illegal to sell furniture, clothing, hardware and appliances, among many other items, on more than one day over a weekend.Full Answer >
North Carolina repossession laws state that if someone is behind on payments or has failed to maintain any required insurance, the lien holder of the property has the right to repossess the property. However, they do not have the right to breach the peace during recovery.Full Answer >