02-28-2008, 11:30 AM | #1 |
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California to establish fund for victims of Bankrupt Dealerships
According to Consumer Reports, the State of California is setting up a fund to assist consumers that are victims of Bankrupt Dealerships. The fund will be established to assist owners in situations where a dealership has failed to pay-off a lien on a trade-in vehicle and then goes bankrupt.
The report indicates that the problem is so widespread that it has affected hundreds of California consumers for millions of dollars. Here's a link to the story: http://blogs.consumerreports.org/mon...ans_payof.html A couple of questions for the California Dealers: Is the problem really that widespread? |
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