I purchased a motorcycle following the end of my 14 yr marriage. Stupid!! yes but I was angry, sad and all the emotions that go with a divorce you aren't expecting. 3 months later and payments 2x a month on time, I lost my job and slipped into a deep depression leading to PTSD and severe anxiety that kept me from work for 2 years, I'm better now but still struggling to find work. I lost everything, my house, cars yet my debt remains to include being 9K behind on child support. I have nothing for them to take as they threaten to overtake my life. I've told them since the 3rd or 4th missed payment to come get the bike but no one ever came, and now 3 years later they want 2K over what I paid for the bike. I haven't even ridden it in 2 years. I once again explained my situation, zero income and for them to come get the bike along with forgive me for my mistake but I received a final notice of the judgement. What can I do to have this excused beyond what I've already asked. Thank you in advance.
Sounds like you'd be a good candidate for a ch7 bankruptcy. I recommend you consult with some local bankruptcy attorneys to discuss your options.
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What can you do to get the debt excused beyond what you wanted to pay? Nothing, other than to file for bankruptcy.
They are not obligated to take the bike back; they certainly can sue you for the balance owed on the note. Whether you owe child support, lost your job, have anxiety, and so on is immaterial to that.
The comments listed here are of a general nature and are not offered to create a formal attorney-client relationship -- that is, I am not, and I cannot give you legal advice here. I am Iowa licensed and, to become your attorney, I need to understand the particular facts and circumstances of your legal question and most likely meet you face to face.
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