Car lenders in Missouri can repossess a car, try to sell it and then collect the difference between the sale price and remaining loan balance, according to Nolo. Lenders can repossess a car without a court order in Misso... More »

Pennsylvania law allows lenders to repossess property in which they have a security interest if the debtor falls behind in payments, according to the Pennsylvania Legal Aid Network. For lenders to take this action, there... More »

According to the Oklahoma law office of Mitchell and Hammond, if an individual in Oklahoma leases or purchases an item on credit and fails to make the agreed upon payments, creditors have the right to seek legal action f... More »

Facts about Chapter 11 bankruptcy include it can be used by small businesses looking to restructure, it can help an individual balance his expenses and income, and there are special provisions that can make the process l... More »

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FHA rules stipulate that a borrower must wait two years after a Chapter 7 bankruptcy before getting another home loan, but the FHA Back to Work – Extenuating Circumstances Program allows some borrowers to receive loans o... More »

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Three options exist for getting a car back after repossession: redeeming the car or reinstating the loan (if legal in your state or in your contract), bidding on the car at the auction and negotiating with the creditor. ... More »

According to the Oklahoma law office of Mitchell and Hammond, if an individual in Oklahoma leases or purchases an item on credit and fails to make the agreed upon payments, creditors have the right to seek legal action f... More »