CAP ONE filed suit Over A credit card If they get A judgement can they repo my 1995 taxi that I own outright? It is what I make A living with.It is the only item I own.
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CAP ONE filed suit Over A credit card If they get A judgement can they repo my 1995 taxi that I own outright? It is what I make A living with.It is the only item I own.
Probably not, though it may depend on where you live. Also it will depend on how your business is setup. You really should be an LLC at the least.
I live in Ohio,and am sole proprietor.
Big mistake being a sole proprietor. If you have an accident in the cab, you could be totally wiped out, even with insurance.
But I do think the cab is protected from attachment for unsecured debt.
Ok ,thank you for the info.
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