Legal

Ask a Lawyer and Get Answers to Your Legal Questions

Ask a Lawyer,
Get an Answer ASAP!

Legal
This answer was rated:

I have 2012 fifth wheel RV that I owe about 20k more than I

cam sell it for to...
I have 2012 fifth wheel RV that I owe about 20k more than I cam sell it for to a dealer and I am not getting any looks from personal buyers. I don't even have a truck to pull this with anymore. I have 740 plus credit today but what would happen if I called the lender and told them to come and get our RV? I live in Texas and I am worried they will come after me later in a suit to garnish my wages or something of that sort, what are the chances of that happening?
Show More
Show Less
Ask Your Own Legal Question
Answered in 18 minutes by:
6/29/2013
Richard
Richard, Attorney
Category: Legal
Satisfied Customers: 56,000
Experience: Attorney with 29 years of experience.
Verified
Welcome! My goal is to do my very best to understand your situation and to provide a full and complete answer for you.

Good afternoon. In Texas, the lender would have the right to pursue you for the shortfall. BUT, whether or not they will depends upon their assessment of the collectibility of a deficiency judgment. So, if you can convince them there is nothing for them to get, and that if they were to pursue a judgment, you would simply file for bankruptcy protection and get the judgment discharged—and even if you have no intention of doing so, it is still good leverage with the bank because they do not know whether or not you would… then it is unlikely the lender will spend the time and money necessary to get a judgment they believe is uncollectible in the end. ALSO, remember this...in Texas: i) wage garnishment is not allowed for this kind of debt; ii) Texas has an unlimited homestead exemption so your home cannot be touched; and iii) your retirement account assets and any retirement income is all exempt as well from their reach.


Thank you so much for allowing me to help you with your questions. I have done my best to provide information which will be helpful to you. If I have not fully addressed your questions or if you have any follow up questions, or if I have misinterpreted your questions in any way, please do not rate me yet, but simply ask a follow up question without rating so I can provide you with a fully satisfactory answer. If I have fully answered your question(s) to your satisfaction, I would appreciate you rating my service with 3, 4, or 5 faces/stars so I can receive credit for helping you today. I thank you in advance for taking the time to provide me a positive rating!
Richard
Richard, Attorney
Category: Legal
Satisfied Customers: 56,000
Experience: Attorney with 29 years of experience.
Verified
Richard and 87 other Legal Specialists are ready to help you
Ask your own question now
Thank you so much for the positive rating! I appreciate having had the opportunity to serve you! If I can be of assistance to you in the future, just look me up and I will be happy to help! For easy access, my bookmark is: http://www.justanswer.com/law/expert-legalbeacon/
Ask Your Own Legal Question
Thank you also for the bonus! I appreciate your kindness!
Ask Your Own Legal Question
Ask Richard Your Own Question
Richard
Richard
Richard, Attorney
Category: Legal
Satisfied Customers: 56,000
56,000 Satisfied Customers
Experience: Attorney with 29 years of experience.

Richard is online now

A new question is answered every 9 seconds

How JustAnswer works:

  • Ask an ExpertExperts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
  • Get a Professional AnswerVia email, text message, or notification as you wait on our site. Ask follow up questions if you need to.
  • 100% Satisfaction GuaranteeRate the answer you receive.

JustAnswer in the News:

Ask-a-doc Web sites: If you've got a quick question, you can try to get an answer from sites that say they have various specialists on hand to give quick answers... Justanswer.com.
JustAnswer.com...has seen a spike since October in legal questions from readers about layoffs, unemployment and severance.
Web sites like justanswer.com/legal
...leave nothing to chance.
Traffic on JustAnswer rose 14 percent...and had nearly 400,000 page views in 30 days...inquiries related to stress, high blood pressure, drinking and heart pain jumped 33 percent.
Tory Johnson, GMA Workplace Contributor, discusses work-from-home jobs, such as JustAnswer in which verified Experts answer people’s questions.
I will tell you that...the things you have to go through to be an Expert are quite rigorous.

What Customers are Saying:

Mr. Kaplun clearly had an exceptional understanding of the issue and was able to explain it concisely. I would recommend JustAnswer to anyone. Great service that lives up to its promises!

Gary B.Edmond, OK

My Expert was fast and seemed to have the answer to my taser question at the tips of her fingers. Communication was excellent. I left feeling confident in her answer.

EricRedwood City, CA

I am very pleased with JustAnswer as a place to go for divorce or criminal law knowledge and insight.

MichaelWichita, KS

PaulMJD helped me with questions I had regarding an urgent legal matter. His answers were excellent.

Three H.Houston, TX

Anne was extremely helpful. Her information put me in the right direction for action that kept me legal, possible saving me a ton of money in the future. Thank you again, Anne!!

ElaineAtlanta, GA

It worked great. I had the facts and I presented them to my ex-landlord and she folded and returned my deposit. The 50 bucks I spent with you solved my problem.

TonyApopka, FL

Not only did he answer my Michigan divorce question but was also able to help me out with it, too. I have since won my legal case on this matter and thank you so much for it.

LeeMichigan

< Previous | Next >

Meet the Experts:

Tina

Tina

Lawyer

8,775 satisfied customers

JD, BBA Over 25 years legal and business experience.

Ely

Ely

Counselor at Law

24,353 satisfied customers

Private practice with focus on family, criminal, PI, consumer protection, and business consultation.

INFOLAWYER

INFOLAWYER

Attorney

20,727 satisfied customers

Licensed attorney helping individuals and businesses

JPEsq

JPEsq

Attorney

2,132 satisfied customers

Experience as general attorney, in house counsel, SSDI, Family Law attorney, and law professor

Law Educator, Esq.

Law Educator, Esq.

Attorney

42,358 satisfied customers

JA Mentor -Attorney Labor/employment, corporate, sports law, admiralty/maritime and civil rights law

Ellen

Ellen

Lawyer, Consultant

8,238 satisfied customers

25 years of experience helping people like you.

Guillermo J. Senmartin, Esq.

Guillermo J. Senmartin, Esq.

Attorney

292 satisfied customers

7+ years of experience handling various legal matters.

< Previous | Next >

Related Legal Questions
When an employee completes a Claim of Exemption and Request
When an employee completes a Claim of Exemption and Request for Hearing on a Garnishment, do I continue the garnishment until the results of the hearing are known or does it "pause" the garnishment?… read more
Legal Eagle
Legal Eagle
Attorney
Doctoral Degree
7,307 satisfied customers
Bankruptcy question: I don't understand how the exemptions
Second opinion] Bankruptcy question: I don't understand how the exemptions work when you have moved from one state to another. I understand how you determine which exemptions apply and where you shoul… read more
Michael Bradley
Michael Bradley
JD
1,191 satisfied customers
I am founder of a tax-exempt federally recognized church
I am founder of a tax-exempt federally recognized church whose religious focus is exclusively based on biological females. I've been researching to confirm that we are exempt from anti-discrimination … read more
Law Educator, Esq.
Law Educator, Esq.
Attorney
Doctoral Degree
42,358 satisfied customers
I need a religious vaccine exemption letter for an adult.
hi i need a religious vaccine exemption letter for an adult. how can i get one? … read more
Nisha Jones, Esq.
Nisha Jones, Esq.
Juris Doctorate
1,731 satisfied customers
I realize that some of the levy funds could be exempt from
I realize that some of the levy funds could be exempt from being garnished.The creditor put a levy on 2 separate bank accounts. Can I use 2 different exemptions on these 2 separate bank accounts?… read more
Legal Eagle
Legal Eagle
Attorney
Doctoral Degree
7,307 satisfied customers
I need to know what the personal exemptions are for business
I need to know what the personal exemptions are for business bankruptcy in the State of Maryland. If the business, for example, has $250K in debt and were to declare bankruptcy and that amount is pers… read more
Ray
Ray
Lawyer
Doctoral Degree
30,828 satisfied customers
I have a court date for a claim for exemption and wage
i have a court date for a claim for exemption and wage granshiment but im not employed so what do i do … read more
Ray
Ray
Lawyer
Doctoral Degree
30,828 satisfied customers
I have a question about a NC Motion to claim exempt
I have a question about a NC Motion to claim exempt property … read more
socrateaser
socrateaser
1,031 satisfied customers
Are newspaper carriers exempt for the enforcement of the
Are newspaper carriers exempt for the enforcement of the Arizona seatbelt law while they are engaged in the duties of delivering the newspapers? … read more
P. Simmons
P. Simmons
Attorney
Doctoral Degree
35,283 satisfied customers
I am a retired clergy who was exempt from SS while employed
I am a retired clergy who was exempt from SS while employed by the church. I am now retired and receive SS, and I have two minor children. I am now working part-time in a job that pays SS. I receive t… read more
John
John
Attorney
Doctoral Degree
5,851 satisfied customers
Law Educator, Esq.(ONLY) This is on Homestead exemption, Is
Law Educator, Esq.(ONLY)Good day, This is on Homestead exemption, Is Homestead exemption a jurisdictional issue? I was reading that only jurisdictional issue should be raised in a motion to dismiss. S… read more
Law Educator, Esq.
Law Educator, Esq.
Attorney
Doctoral Degree
42,358 satisfied customers
On a motion to claim exempt property, do i include bank
on a motion to claim exempt property, do i include bank accounts? … read more
Thomas Swartz
Thomas Swartz
Attorney
Juris Doctor
2,848 satisfied customers
I am an exempt employee that has approved FMLA. I only work
Hi, I am an exempt employee that has approved FMLA. I only work 4 days a week at 32-35 hours. My employer just notified me that I am going to be hourly since I am not working 40 hours a week. I live i… read more
Legal Eagle
Legal Eagle
Attorney
Doctoral Degree
7,307 satisfied customers
I have a notice of right to have exemptions designated and i
i have a notice of right to have exemptions designated and i need advice on how to process. This debt was for a credit card i acquired back in 2013. … read more
ScottyMacEsq
ScottyMacEsq
Doctoral Degree
17,290 satisfied customers
I received a letter saying "notice of debtor of exemptions"
I received a letter saying "notice of debtor of exemptions" I do not know what this means. I have been making all payments on my defaulted loan. … read more
Ely
Ely
Counselor at Law
Juris Doctor
24,353 satisfied customers
I need state and county exemption codes to record my deeds,
I need state and county exemption codes to record my deeds … read more
lucy7368
lucy7368
Juris Doctor
763 satisfied customers
This position is an exempt, full time position. Your
This position is an exempt, full time position. Your compensation will be $75,000 annually for the first twenty-four months. Benefits for this position are detailed below.Benefits: • Employee Medical/… read more
Legal Eagle
Legal Eagle
Attorney
Doctoral Degree
7,307 satisfied customers
Are floating docks exempt from permitting in a condo marina
second opinion] Are floating docks exempt from permitting in a condo marina in the state of florida?… read more
Law Educator, Esq.
Law Educator, Esq.
Attorney
Doctoral Degree
42,358 satisfied customers

DISCLAIMER: Answers from Experts on JustAnswer are not substitutes for the advice of an attorney. JustAnswer is a public forum and questions and responses are not private or confidential or protected by the attorney-client privilege. The Expert above is not your attorney, and the response above is not legal advice. You should not read this response to propose specific action or address specific circumstances, but only to give you a sense of general principles of law that might affect the situation you describe. Application of these general principles to particular circumstances must be done by a lawyer who has spoken with you in confidence, learned all relevant information, and explored various options. Before acting on these general principles, you should hire a lawyer licensed to practice law in the jurisdiction to which your question pertains.

The responses above are from individual Experts, not JustAnswer. The site and services are provided “as is”. To view the verified credential of an Expert, click on the “Verified” symbol in the Expert’s profile. This site is not for emergency questions which should be directed immediately by telephone or in-person to qualified professionals. Please carefully read the Terms of Service (last updated February 8, 2012).

DISCLAIMER: Answers from Experts on JustAnswer are not substitutes for the advice of an attorney. JustAnswer is a public forum and questions and responses are not private or confidential or protected by the attorney-client privilege. The Expert above is not your attorney, and the response above is not legal advice. You should not read this response to propose specific action or address specific circumstances, but only to give you a sense of general principles of law that might affect the situation you describe. Application of these general principles to particular circumstances must be done by a lawyer who has spoken with you in confidence, learned all relevant information, and explored various options. Before acting on these general principles, you should hire a lawyer licensed to practice law in the jurisdiction to which your question pertains.

The responses above are from individual Experts, not JustAnswer. The site and services are provided “as is”. To view the verified credential of an Expert, click on the “Verified” symbol in the Expert’s profile. This site is not for emergency questions which should be directed immediately by telephone or in-person to qualified professionals. Please carefully read the Terms of Service (last updated February 8, 2012).

Show MoreShow Less

Ask Your Question

x