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What rights does a creditor have on a vehicle loan in probate? | NC

Pierce Law Group

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Q: What rights does a creditor have if an estate owes money on a vehicle loan? A: Usually, the creditor has two main rights — it can file a claim against the estate for the amount owed, and if the loan is secured by the vehicle, it can enforce its lien against that vehicle. That means the personal representative may choose to pay the loan through probate to keep the vehicle, or surrender the…

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