How can I stop an Order of Replevin? If someone has received an Order of Replevin, (a legal procedure used to recover property) it probably is for property used as collateral on a loan or being purchased through a loan agreement by that person. The lien holder desires to repossess…
Repossession vs Replevin – what is the difference? Click here for definition of Repossession. A Replevin is basically the repossession of collateral (ie: vehicle, furniture, etc) that could not be done without breaching the peace (ie: car locked in garage, furniture locked in house, etc) so the creditor seeks help…
MS Statutes of Limitations on Civil Matters – MS Code § 15-1 Of course this 2013 MS Code Title 15 – Limitations of Actions and Prevention of Frauds § 15-1 covers more than just civil statutes, but for the purpose of this discussion, we will focus only on civil statutes,…
How late can I be before repossession will happen? We get asked this question a lot. I mean A LOT. There is no law that states your property cannot be repossessed unless you are a certain amount of time behind. You can be 1 day behind or 4 months behind.…
Many Americans are asking lately “What if I can’t pay my car loan?” First of all, you’re not alone in the struggle. If you’ve missed car payment or two recently – or worry you might miss one soon – you have options. Typically, missing a car payment will damage your…
Mississippi Repossession Law allows “self-help” repossession. It states that your possessions can be repossessed under the following conditions: You signed an agreement and used the property as collateral for the loan. You failed to honor the terms of the loan agreement (note: the property may be put up for repossession…
You have just learned that one of your creditors is starting to take money out of your paycheck or even your bank account. This is called a garnishment. A garnishment is a legal procedure where a portion of your paycheck is taken for the payment of a debt. Garnishments are…
Yes! You can get back money that was garnished from your wages (if the debt is dischargeable) if you file bankruptcy. In Mississippi, you can only recover garnished wages were taken within 90 days of your filing for bankruptcy and the amount taken was more than $600. You are not…
If you are getting debt collection calls you are not alone. About one in seven people in Mississippi is being hounded by a debt collector. Buying debt and debt collection is a billion dollar business and becoming a larger, more complex industry. The original creditor sells their debt to…
First realize that you do not have to talk with the debt collectors when they call. They are not calling because they care about your situation or want to discuss your financial problems in order to help you find a solution. They want a payment, or a promise to…