If you get behind on your car payments or don't have auto insurance, the loan company can take your car. This is called vehicle repossession.Cryptocurrency is considered an asset in bankruptcy. If you have cryptocurrency, the bankruptcy trustee may sell your cryptocurrency to pay your creditors. I certify that I, or the firm, company, or corporation I am authorized to represent, am the legal owner within the meaning of California Vehicle Code. The Drug Enforcement Administration (DEA) uses forfeiture to attack the financial structure of drug trafficking and money laundering groups worldwide. At least in California, it is illegal for anybody to tow you while you are inside, possibly touching the vehicle having control of it. An official website of the US General Services Administration. Looking for US government information and services? Put up a deposit in the form of a bond.