Sold truck to firend, reposses

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Question

Country: United States of America
State: KentuckyI sold a truck to a friend and had him sign legal papers for a 5 year personal loan. I also had a lien placed on the title of the truck. He still has 2-1/2 more years for repayment of the loan and is now in default.(2 months late) How do I repossess the truck and start legal proceedings to collect on the money still owed to me.

Answer

You can sue in small claims but cannot repossess unless your signed documents allow that...

单词	sold truck to firend, reposses
释义	Sold truck to firend, reposses Ask a Lawyer Question Country: United States of America State: KentuckyI sold a truck to a friend and had him sign legal papers for a 5 year personal loan. I also had a lien placed on the title of the truck. He still has 2-1/2 more years for repayment of the loan and is now in default.(2 months late) How do I repossess the truck and start legal proceedings to collect on the money still owed to me. Answer You can sue in small claims but cannot repossess unless your signed documents allow that...
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