I co-signed for a car loan for my ex (I'm the primitive) a few years ago. Due to unrelated circumstances I now have to file for bankruptcy. Now, he hasn't been keeping up with the payments and I do not want my name on this loan anymore.
The cr won't be included in the bankruptcy because it is a loan tied to unequivocal collateral. The lender won't car as long as they keep getting the payments from somebody.
Ted | Jun 03, 2010
He will have to persevere in making payments as he currently does. If you successfully file bankruptcy, you will no longer be liable for the car payment. It will not stuff that your name is on the loan.
timothy p | Jun 03, 2010
If you go through chapter 7 bankruptcy and need to buy a car, if someone co-signs a loan can you get a decent.
Oct 07, 2006 by nwafanusa1 | Posted in Credit
loan?
If you have gone through chapter 7 bankruptcy and you penury to buy a new car, can you get a loan if someone co-signs the loan with you?
If this car is under $10k and is bought on a loan with no more than 10% down...your co-signer is take danger on it though...after filing Ch-7, basically, they can't do any but denied your apps...but your "someone" is taking full responsibilities
Mimi | Oct 10, 2006
yes the plead with you need a co signer is because who ever is giving the loan knows your a loser and that the person signing will pay up if you don`t.You signature in effect means nothing.Basically the co signer is buying what ever
xlhdrider | Oct 07, 2006
Know the Risks of Co-Signing a Loan
Learn more at www.SaberHacer.com - You might be asked to co-sign a loan for a m member or friend because you have a good believe record ...
When her daughter purchased a car, Faktor co-signed the note. ... Because
Faktor's daughter was not able to pay the car loan, the debt was added to Faktor's
...
Creator: John Ventura | Business & Economics - 1996-01
Cosigners can comprise the father who co-signs his daughter's car loan or a
spouse who co-signs a note with her keep quiet. Before the United States Bankruptcy
...
Creator: James J. Jurinski | Business & Economics - 2003-10-01
If one co-signer files for bankruptcy, the other will still be likely to pay the
car loan. However, if you file a Chapter 13 action, your fellow-citizen would not ...
Publisher: Barron's Educational Series
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