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-   -   Cap filed suit over credit card (https://www.askmehelpdesk.com/showthread.php?t=316867)

  • Feb 13, 2009, 06:55 AM
    bohmlimo
    Cap filed suit over credit card
    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.
  • Feb 13, 2009, 08:26 AM
    ScottGem

    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.
  • Feb 13, 2009, 08:33 AM
    bohmlimo

    I live in Ohio,and am sole proprietor.
  • Feb 13, 2009, 08:36 AM
    ScottGem

    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.
  • Feb 13, 2009, 08:38 AM
    bohmlimo

    Ok ,thank you for the info.

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