free financial help
Your FREE resource for
finding financial answers

investment, retirement, tax, & more


ask financial questions search financial questions read financial articles find financial advisers
Financial advisers, we need your help. Click here to find out more.

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


Question:

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





About: free financial advice | bookstore | partners | financial resources | sitemap/google sitemap | contact us
For financial advisers: advisor join | advisor login
For advertisers: advertise
Legal: disclaimer | terms of use
Mechanics of Money, LLC - © - All Rights Reserved