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 in Law
Beer can be sold in Alabama on Sundays, depending on the county. As of 2011, 12 counties and five cities had legalized the sale of beer on Sundays, with that number expected to increase.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 >
Most states follow common law when addressing palimony claims in court, although some states, such as California, follow the law as determined in legal cases, such as the 1976 Marvin v. Marvin case governing California, as explained by DivorceNet.com. Palimony refers to alimony for non-married but co-habitating couples.Full Answer >
Federal law covers most cases of buyer's remorse in all 50 states, including solicited sales, timeshares and homeowner loans, while some states have laws to protect rueful consumers with certain contracts, such as gym memberships, and can extend the federal cooling-off period, according to the AARP. Buyer's remorse laws do not apply to automobile purchases.Full Answer >