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Financial Question and Answer

Financial Category: Asset Protection      Location: NM
Posted: 03/22/2009      Approved: 03/22/2009
Number of Replies: 1     Email Copy To: email financial advice


I have a boat loan in excess of $100,000. I can't pay it off. If the loan company repossesses my boat and it does not satisfy the total owed, what can I be accountable for? Can they take my home or any assets I have left? What's the worst and best case scenario?

Answers (click on a reply to view the answer)

Posted Subject Submitted By

2009-03-22Im sorry I dont know the answer to your questions.Roderick Hausmann

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