Do debtors have the right to repossess merchandise?

Answer 1

Debtors are the ones who owe on the merchandise. They bought it, but borrowed (by a loan, agreement to pay as with a credit card, etc.) to pay for it. They don't generally repossess stuff if it is taken from them. The person who whom the debtor is indebted, the debtee, is the one who generally repossess the stuff. Can a debtee try to retake possession of something that he purchased and then had repossessed? I guess. But on what grounds? Payment(s) is(are) owed on it. It was taken because payment was not made. Does a debtee have the right to repossess stuff if the terms and conditions of repayment are not met? Yes. Repo men pick up cars all the time. A television can be repossessed. But one's house cannot be broken into in order to do so. There are "rules" covering these activities, and they vary from place to place. The basics are the same, however. When sorting these things out, there are three basic suggestions. First, change places with the other party and consider how you would want to be treated if someone owed you money. And be honest about it, as well as fair. (If someone borrowed money from you to buy a car and got "too far" behind in the payments, wouldn't you take the car back to protect your investment? Most folks would. Why wouldn't the loan company? Same with merchandise. Someone will knock on the door and ask for goods back.) Second the law and its application are the venue of the court. It's what the judge says that counts, not what you say or what the other party says. Lastly, if the issue is at all substantial (meaning high dollar consequences) a legal professional is the best person to get advice from. (This answer, by the way is not legal advice. It's just some thoughts on the issue.) Legal pros will usually offer free or low cost legal advice, at least on an initial consultation.