White Paper

3 Pages
  • 3 Pages

Judicial Remedies if the Bank Cannot Repossess the Collateral

 

Gain an understanding of how replevin cases work.

If a creditor is not able to recover collateral on their own, they may opt for judicial means to repossess the collateral by way of a replevin action. If the creditor can claim ownership or has a security interest in the collateral property, they can file a replevin complaint. This white paper reviews what happens during the steps of a replevin complaint and hearing and discusses what happens if the debtor files for bankruptcy.