Who pays the bank loan if my vehicle is financed?
You are still liable for any loans on the vehicle. If the fair market value of your vehicle is less than the outstanding loan, you are still required to pay the entire amount of the loan.
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By JIM DANKO
A truck driver was killed and dozens of passengers were injured in a fiery Chicago train accident on Friday, May 13, involving a Metra commuter train and a dump truck.
The train, bound for Chicago at the height of the morning commute, collided at 50 mph with a dump truck in the suburb of Mount Prospect, causing a derailment and fire. According to Fox News Chicago, a motorist who witnessed the accident said the truck turned without warning into the train’s path, going around gates that were down to stop traffic.
Read The Full Stron From : IL News IL Train Accident
JIM DANKO
A Powder Springs, Ga., man was arrested on first-degree vehicular homicide charges related to a hit-and-run collision that resulted in the casualty of a bike rider in Cobb County.
The cyclist, Ernest Terrell Maxwell, 43, of Austell, was struck from behind approximately 6:30 a.m. on April 9, according to The Atlanta Journal-Constitution. He passed away at the scene after being hurled from his bike. Lawman interviewed observers to develop a description of the vehicle, which they expect was a 2004 TrailBlazer.
Read The Full Story About: Biker Dies In GA Source : JIM DANKO
By JIM DANKO
A government agency shut down a Wilkes-Barre, Pa., bus company involved in a recent fatal crash.
The U.S. Department of Transportation on March 30 found that the bus company, Super Luxury Tours Inc., violated insurance requirements. The Transportation Department took the company out of service and canceled the firm’s license to operate.
Read The Full Story From Pa news PA Bus Accident
