by spid on June 17th, 2009

spid

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Auto repossession i have a vehicle in co. name and mine as second. Co. went under and i cannot pay for it. what are the consequenses when they repo it. will it fall back on co. or me.

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  • by Gideon on June 17th, 2009

    Gideon

    Unless you are owner or part owner in the company, you have no financial obligation with regard to the company car. It's considered company property loaned out for your use. The title, though, should be in the Company's name.

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