sue or seize on conditional sales contract
October 31st, 2010 by Questions
We are aware of the Sue or seize law in Alberta under a conditinal sales contract for a vehicle loan. BUT how do we know which one will take place?? Our truck is only worth $25,000 but the loan is at $42,000 owing still!! Are they going to sue or seize the vehicle from us? If they sue….(get a judgement for payment), and garnish wages for it, what is the percent of wage they take??
Posted from: Alberta