Bank To Repo Deadbeat Dad;s Car Can I (mom) Get Mone
Q: Bank to repo deadbeat dad;'s car, can I (mom) get mone for arrears support? I a deadbeat dad defaults on an auto loan, on which only his name appears, and the bank wants to repo the car, what rights does the sole-custody mom have to the money and/or the car when the dad owes $7,000 in child support and the car is worth $10,000?
The mom and dad are divorced and mom has sole custody. Dad owes $7,000 in arrears child support. loan is not paid off. Bank wants to repo the car. Only the dad's name is on the defaulted auto loan.
As I understand this, I (mom) can 'repo' the car and sell the car to reclaim the $7,000 arrears child support once the dad has paid the car off, but what if the bank repos the car because the dad defaulted on the auto loan.
A: None. He doesn't own the car. The bank takes the car as collateral for the loan.If y'all bought the car together when y'all was married, then y'all's up the creek. .