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racinburger9f
Feb 6, 2007, 08:18 PM
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
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
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.