Showing posts with label repossess. Show all posts
Showing posts with label repossess. Show all posts

Saturday, September 29, 2007

Mike Vick Get a Visit from the Repo Man

An Indiana bank recently sued Mike Vick for not repaying his loans that involved a car rental business. Vick is the chief financial officer of Divine Seven, a car rental company, and bought more than 130 cars through the loans. The bank says it suffered damages of about $2 million dollars because Vick and Divine Seven LLC wouldn’t pay for the vehicles. The bank has repossessed most of the cars.

Last week, Royal Bank of Canada sued Vick for $2.3 million dollars that he claimed he was going to use for real estate investments.

Thursday, August 16, 2007

Grave Headstone Repossessed

It is reported in Springville, Utah that a cemetery headstone of a teenager who died in a car crash was repossessed after a $750 bill was unpaid. Memorial Art Monument said, "If we gave a stone to everybody, we'd be out of business."

The teenager and two of his friends died when the car they were riding in smashed into a sport utility vehicle a year ago.

Memorial Art Memorial said the bills they sent were returned and they couldn't reach the teenager's mother, who had agreed a year ago to pay the balance, so they had to repossess the headstone. The teenager's former classmates raised enough money to pay the bill and it will be put back this week.