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| Author: |
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Andrew |
| Date: |
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November 1, 2003 |
| Question: |
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Hi there. I have a truck that I currently am leasing, my
question is, can I return the vehicle that I no longer can afford
without getting sued for it. In B.C. I heard it was either seize the
car "OR" sue for the amount oweing. Is Alberta seize or sue or is it
seize "AND" sue?
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From: |
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Ann Clarke, Alger & Associates Inc. |
| Date: |
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November 3, 2003 |
| Answer: |
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The creditor's rights are determined by the contract you signed to
finance the vehicle. Usually creditors can seize and sue in Alberta but
you'll need to check your loan agreement to be certain.
Ann Clarke
phone: (403) 296-2972
aclarke@moneyhelp.ca
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