Click here to submit your question or Go back to Home Page

Author:		Sutherland
Date:		November 27, 1999
Question:		I owe a fair amount on a computer and they are threatening to sieze it. Nw my question is, if they do, do I owe money on the whole debt, or just what I haven't paid in the past few months?
From:		Shane Brenneis, Collins Barrow Limited
Date:		November 7, 1999
Answer:		In order to determine what you might owe, you need to go back to the contract you signed. There should be a default clause which will explain the amount owing. Often, the creditor can pursue for the balance of the lease or what is left outstanding on the loan after the sale of the computer. Shane Brenneis phone: (403) 298-1575 sbrenneis@collinsbarrow.com