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The effects of the coronavirus pandemic have been especially burdensome on auto loans borrowers. Unlike student loans and mortgages, there are no government-backed relief programs to cover a ...
Repossession does not necessarily satisfy the loan. If the repossessor sells the asset for an appropriate amount, and if that amount is less than the amount of the loan, and if the repossessor sues the debtor for the balance (plus reasonable fees if applicable) in a timely manner, the debtor may be liable to pay the balance (sometimes called ...
Self-help, in the context of a legal doctrine, refers to individuals exercising their rights without resorting to legal writs or consulting higher authorities. This occurs, for example, when a financial institution repossesses a car on which it holds both the title and a defaulted note.
Another benefit to the borrower is that it harms a borrower's credit less than a foreclosure does. [ 1 ] [ 2 ] Advantages to a lender include a reduction in the time and cost of a repossession, lower risk of borrower revenge ( metal theft and vandalism of the property before sheriff eviction), and additional advantages if the borrower ...
Here's what you need to do to find out if the state is holding any of your unclaimed property.
Soldal v. Cook County, 506 U.S. 56 (1992), was a United States Supreme Court case in which the Court held that a seizure of property like that which occurs during an eviction, even absent a search or an arrest, implicates the Fourth Amendment.
Voluntary admissions may be the first alternative to involuntary commitment that comes to mind. But Heyrman said even with voluntary mental health admissions, a patient can be kept beyond their will.
The administrative divisions of Illinois are the counties, townships, precincts, cities, towns, villages, and special-purpose districts. [11] Illinois has more units of local government than any other state—over 8,000 in all. The basic subdivision of Illinois are the 102 counties. [12] 85 of the 102 counties are in turn divided into 1,432 ...