Ten Cardinal Rules for a Proper Repossession Author: Franklin Drake Smith Debnam Narron Drake Saintsing & Myers LLP Raleigh, North Carolina WHITEPAPER TEN CARDINAL RULES FOR A PROPER REPOSSESSION by Franklin Drake Introduction: Creditors too often expose themselves needlessly to disgruntled debtors' claims for wrongful repossession. Avoiding the legal expense of defending such claims is just a matter of correct procedures and common sense. Here are 10 common sins and how to stay righteous. I. BE SURE YOU REALLY DO HAVE AN ENFORCEABLE LIEN ON THE GOODS! A.