What type of property can be repossessed by creditors and how?
Okay, so what kind of property may have been repossessed? Well, let’s consider the word “repossession” for a second. The word suggests repossession, which means that the creditor repossessing the property to ‘repossess’ it must have owned it once in the first place. Sure, that makes sense, right? Now, if you buy a car on…