Sold a car to someone and had them sign a contract that stated the purchase price and when payments were to be made and the amount. Contract also states that if she did not pay that her (our old) car could and will be repo by us. (we own a towing company) we have a key to the car still and did have her switch her name on the title so that we were not liable if she was in a accident. she hasnt paid in 5 months and is now saying that she is going to claim bankruptcy. we have yet to see anything about that.
Are we allowed by the signed contract to repo the car??
Thank you.
Rachel
Are we allowed by the signed contract to repo the car??
Thank you.
Rachel