St. Louis, MO – 4 November 2017 – A woman angry at a judge’s order to repossess her car threatened to stab him and showed up at the courthouse Thursday with a long box cutter, police say.
Fauquier County , VA – October 30, 2017 – The Virginia Supreme Court last week granted Fauquier’s top prosecutor a review of one of two homicide convictions in the 2014 slaying of a repo man. In September 2015, a Fauquier County Circuit Court jury found Carroll Edward “Tootie” Gregg, 55, of Marshall, guilty in the killing of Junior Jordan Montero Sanchez, of Hyattsville, Maryland. Gregg claims he accidentally shot Sanchez on June 6, 2014 when the 23-year-old showed up to repossess his truck at the apartments on Conde Road.
Credit Acceptance has confirmed with the Securities and Exchange Commission (SEC) that it had received a subpoena from the Mississippi attorney general on August 14, 2017. Credit Acceptance claims that the subpoena is only related to the origination and collection of non-prime vehicle installment contracts in the state of Mississippi.
Cockroaches scurry for cover under the seats as you open the door of the car that was just repossessed earlier that morning. The sun has been up for a few hours and the car’s interior has fermented it’s contents that greet you with a sour rotting smell. Rubber gloves on and trash bag in hand, you begin the inventory of a half-eaten “Egg MCMuffin”, dirty diapers, assorted papers, shirts and a lot of items belonging to the borrower that makes you wonder why is all of this in their vehicle? This is, no doubt, sometimes the most unpleasant part of the repossession process.
So, why do you do it? You have to! It’s the law. As a legal compromise, the law also allows you to charge for the removal, inventory and storage of this property. So, why would you not charge for this?
Thursday, October 19, 2017
10:00 a.m. PDT | 11:00 MDT | 12:00 CDT | 1:00 EDT (Duration 90-120 minutes)
In less than two months, important changes relating to Chapter 13 bankruptcy plans and plan objections will take effect. These changes include a new official “Chapter 13 Plan” that will be used by most courts, new deadlines, and new rules that will affect the rights of creditors (particularly secured creditors) after plans are confirmed. (These changes are separate from the changes affecting proofs of claim, which were discussed in a NorthLegal webinar last month.)
FOR IMMEDIATE RELEASE
Don’t forget that we will be presenting a webinar this coming Thursday, September 28, to address the new bankruptcy “proof of claim” rules that will take effect later this year. During the program we will also talk about other aspects of the claim process, including some of the most frequently made errors. For more detail about the webinar, click here.
On December 1, 2017, important changes to the rules relating to bankruptcy “proofs of claim” will take effect. Those changes include new filing deadlines, new obligations for secured creditors and new methods a debtor may use to oppose a claim.
November 8 – November 10, 2017
Riverton Country Club
Cinnaminson, New Jersey
FOR IMMEDIATE RELEASE
The Credit Union Repossession and Remarketing Summit 2017 will be the premier credit union educational event of the year. Industry leaders will be speaking on the topics that are of extremely high importance to the Credit Union collections industry. Situated just minutes from city center Philadelphia at the historic and scenic Riverton Country Club, this seminar will be tailored to address credit unions specifically, and the day-to-day challenges they face with collections, collateral repossessions, and the remarketing of collateral. You are guaranteed to walk away with insight and knowledge you previously did not previously have, or your admission will be refunded.
From the desk of: Recovery Specialist Insurance Group
Ahead of Hurricane Irma, currently a Category 5 Hurricane in the Atlantic, Florida Governor Rick Scott has declared a state of emergency for the entire state. Hurricane Harvey barrelled down on the Gulf coast last week and dumped significant rains throughout the Gulf States, many governments declared states of emergency and had mandatory evacuation notices in place for the safety of their local businesses and residents. But what does this mean for repossessions in those areas?
In our opinion, there are 3 important things to think about here…