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    racinburger9f's Avatar
    racinburger9f Posts: 1, Reputation: 1
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    #1

    Feb 6, 2007, 08:18 PM
    Getting Sued By Credit Card Company
    If my husband is getting sued by a credit card company, can they take our car if we need it for medical reasons on our daughter?
    excon's Avatar
    excon Posts: 21,482, Reputation: 2992
    Uber Member
    		  
    #2

    Feb 6, 2007, 09:02 PM
    Hello racin:

    If the bank gets a judgment, they can take ANY asset you have. Of course, I don't think they'll take a hoopti.

    excon
    Justice Matters's Avatar
    Justice Matters Posts: 210, Reputation: 27
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    #3

    Feb 7, 2007, 09:57 AM
    You may be able to avoid judgment altogether by coming to some type of payment arrangement with the creditor. Perhaps a credit counselling agency may be able to help you in this regard.

    You should also find out if your jurisdiction has restrictions on what can be seized by a judgment creditor. In Ontario, where we are located, creditors cannot seize a vehicle that is worth less than $5,650. And even if the vehicle were worth more then that, the court can, on compassionate grounds, deny the asset to a creditor.
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