QUESTION

Can a creditor take a car I cosigned for if they have filed a UCC financing on me?

Asked on Jun 29th, 2016 on Debtor and Creditor - Michigan
More details to this question:
I took out a business loan with Kabbage and am unable to pay it. They have filed a UCC financing against me. I'm wondering if they can take a car I cosigned for for someone else?
1 ANSWERS
Answered on Jun 30th, 2016 at 7:04 AM
More information is needed. They can't just "file a UCC financing" against you. What agreements did you sign with them? What security did you offer? Is the vehicle in question in your name as owner?
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David J. Hutchinson 106 N. 4th Ave Ann Arbor, MI 734-930-9000 dave@davehutchinsonlaw.com

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