If someone returns a automobile in voluntary (repo), and the bank sells the automobile in an auction but didn't get the full value of the car, can the bank sue you? or collect for your income taxes?
Answer
The bank can sue you for the balance due.
If someone returns a automobile in voluntary (repo), and the bank sells the automobile in an auction but didn't get the full value of the car, can the bank sue you? or collect for your income taxes?
The bank can sue you for the balance due.
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