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 Fir... More »

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In the state of Texas, creditors do not have to give notice before repossessing a car due to missed payments or not having adequate car insurance, as of 2015, according to AVVO. However, some Texas laws require the car o... 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 »

After a car is repossessed, the repossession company takes it to its lot, reports CNN. After that, the fate of the car varies with state law. Some states require the lender to tell the owner of the car the fate of the ca... More »

A demand letter is a letter that states a legal claim making a demand for restitution or performance of an obligation owed to recipients for a breach of contract or legal wrong. These are also often referred to as a LOD,... More »

www.reference.com Government & Politics Law Debt Law

To fill out a form to determine insolvency, access Form 982 and Publication 4681 from the IRS website, and add all appropriate information regarding your forgiven debts and from the 1099-C form received from the creditor... More »

www.reference.com Government & Politics Law Debt Law

The process of a being sued for a debt begins when a creditor files a complaint with the court outlining the reason for the lawsuit and providing the information needed for the defendant to file a response, Nolo explains... More »

www.reference.com Government & Politics Law Debt Law