Judgment Impact On Vehicles

Summary

Creditors in New Jersey can potentially seize jointly owned vehicles to satisfy a judgment, depending on the debtors interest in the asset and applicable exemptions. It is advisable to consult with a local attorney to understand specific protections and legal options available.

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So I have a judgement from a loan company my question is can they take a jointly owned vechile for payment
In New Jersey, creditors can potentially seize jointly owned property to satisfy a judgment. However, the specifics can vary based on the nature of ownership and other factors. Here are some key points:
- Joint ownership: Creditors may levy jointly owned assets if the debtor has an interest in them.
- Exemptions: There may be exemptions that protect certain assets.
- Legal advice: Consulting with a local attorney would provide more personalized guidance.
Would you like more information on exemptions or how to protect your assets?