Question by Schell: Does anyone know what Ca. law says about concealing a vehicle that the bank is trying to repossess?
We have a 2004 truck that we purchased in May 2007 and have been making payments since that time. We are currently 3 payments behind and although I have tried to talk with them (I offered 2 of the 3 outstanding payments) the collections department states that they don’t want the payments, they want the truck. They are going to my husband”s job (evan after being told by the office staff that he may lose his job if they continue to come to the shop) and have threatened to bring the police to his job to arrest him for concealing the vehicle. Actually, he isn’t concealing anything, the truck isn’t even in the same state. We have been considering bankruptcy but haven’t made a final decision on it yet. I have tried to look this issue up in the Ca. codes but can’t find a direct law on this subject. If anyone knows about the law in this situation I would appreciate any help. Also, I thought that creditors had specific guidelines they had to follow? Thanks for any help people!
Best answer:
Answer by Mr. Taco
There does not have to be a direct law on the subject. It is theft, plain and simple. If they are repossessing it, it belongs to them now. Concealing it will land your husband in jail. Best cough it up before this gets really ugly.
Good luck with the finances!
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