What are my rights as a debtor to a finance company?

UPDATED: Dec 6, 2011

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What are my rights as a debtor to a finance company?

Company collected collateral without giving fair amount of time to make reasonable arrangements. After selling the collateral I received notice stating I had a set date to bring loan current before they collected the rest of my collateral. The day I received the notice my collateral was taken from private property without permission from property owner who told them to leave?

Asked on December 6, 2011 under Bankruptcy Law, Kentucky


FreeAdvice Contributing Attorney / FreeAdvice Contributing Attorney

Answered 11 years ago | Contributor

Your rights concerning the loan that you are writing about would be set forth within the loan agreement for the loan. I suggest that you carefully read the terms of your loan in that its terms and conditions control the obligations owed to you by the lender and vice versa in the absence of conflicting state law.

I suggest that you read the loan carefully especially with respect to the terms concerning the collateral for it. After you have read it, I suggest that you consult with an attorney experienced in lending law in this country.

IMPORTANT NOTICE: The Answer(s) provided above are for general information only. The attorney providing the answer was not serving as the attorney for the person submitting the question or in any attorney-client relationship with such person. Laws may vary from state to state, and sometimes change. Tiny variations in the facts, or a fact not set forth in a question, often can change a legal outcome or an attorney's conclusion. Although AttorneyPages.com has verified the attorney was admitted to practice law in at least one jurisdiction, he or she may not be authorized to practice law in the jurisdiction referred to in the question, nor is he or she necessarily experienced in the area of the law involved. Unlike the information in the Answer(s) above, upon which you should NOT rely, for personal advice you can rely upon we suggest you retain an attorney to represent you.

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