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Filing Chapter 7 and John Deere
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If John Deere financed the mower, they have a lien on it until it is paid in full. It was not your lawnmower to sell. You may have a problem on your hands with this one. Talk to your attorney.
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You need to read your paperwork and find out if the loan was secured by the tractor. If it is and they want to repo it, you are going to have a problem.
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It is nice that you care, but I doubt they would do much for such an old machine and the balance is probably small. Not knowing what he paid, and what you owe, you need to do what you need to do, and don't start worrying about "what-ifs". 'Hub
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Filing Chapter 7 and John Deere
Ok, I am filing chapter 7 and have a John Deere account that I bought a zturn tractor with for about $6500. I had it for 2 yrs and sold it recently for cash to a random person after I put it up for sale. I used the cash to pay bills and kept paying my John Deere debt. Like I said I am filing chapter 7 soon and I have heard John Deere can put a lean on the tractor even though I don't own it and the poor guy who bought it can lose it if he takes it in for service. Is this true and if so what should I do? I don't even know the guys name or contact info to tell him there could be an issue.Tags: None
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