Can a creditor seize your bank account and IRS refund for a car repo deficiency judgment in FL? Thank you.?
I had it repossessed by Wells Fargo last week. No job then and now either. IRS returns are due soon, and I will get a refund. Not nearly enough for the balance and tow/storage fees. So will have to let them sell the car. They took the car in the middle of the night, no breach of peace. They sent me a letter notifying of the impending sale, by phone said auction, but letter said private sale. Anyway.... My refund won't be enough to satisfy the balance either, but will buy me a small, cheap thing. Then I can work and pay the deficiency judgment. Is my IRS refund and bank account safe? I expect a future wage garnishment try. Thank you.
Public Comments
- You bet they can.
- I'm no expert, just someone who had credit problems in the past. i remember reading that Florida has "special" laws on that kind of stuff, so you may be clear. If it was another state, I would say they could garnish your wages, but I don't think they can in Florida. A great site I found very helpful was msn money chat. I learned a lot when I was going through tough financial times. Check it out! I'm sorry bout your situation, I'm sure you will see a light soon. Hang in there! Hope this helps. Good Luck.
- Not to sure about Fla, but in Calif. only the leases can be collected on. The car purchase would have to have a judgment in court rendered in their favor to attach any accounts or any kind. If you're talking about a lot of loot, call and attny or paralegal for some advice.
- they can't get your IRS refund.