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Will you lose your car if you make the payments but the loan is in someone else's name and they go bankrupt?
Wiki User
∙ 14y ago
What will happen depends on the decision of the bankruptcy judge. If you are making the payments but the loan is in someone else's name, you do not have a legal leg to stand on. Still, the bankruptcy law in the United States, recognizes the need for an automobile. So, that person may keep the car.
Wiki User
∙ 14y ago
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If you cosign for someone and they go bankrupt does it affect you?
You would be responsible for the note or loan you co-signed for.
Can you deposite a payday loan into someone elses account?
Banks will allow deposits into members' accounts. Get your loan then carry the money to their bank if the payday loan people won't do a direct deposit.
What happens when someone you cosigned a mortgage for has filed for bankruptcy?
When you co-sign on a loan or mortgage for someone, you are promising to make the loan payments if they can't. When someone files for bankruptcy, they are claiming that they cannot make their payments. It would stand to reason that if someone you co-signed on a mortgage for files for bankruptcy that you would then be liable for making the payments.
If you file for bankruptcy and you cosigned for someone can the car loan be included in the bankruptcy if the person is not making their payments?
YES, you can include it whether the payments are current or not.
How can you purchase a home when you are a co-signer to someone elses home?
You must be able to prove documentation that the primary borrower and not you have made all the payments on the loan you co-signed for, ie. cleared checks, bank statements showing payment. If you can provide your loan officer with that information, he/she should be able to avoid that obstacle. If you want to pursue this, contact me and I can attempt to assist you.
Can you register your car in someone elses name if its under a loan?
no
Can you register a vehicle if the loan is in someone elses name?
If your name is on the title
If your car is repo and it's in some one else name Is there any way you can get that out that person name so it will not show on there credit because you couldn't pay for it?
Is the loan or the registration in someone elses name??If loan is someone elses name their credit takes the hit there is nothing you can do.If the registration is in someone elses name then they are fine.Hope this helps.
If you cosign for someone and they go bankrupt does it affect you?
You would be responsible for the note or loan you co-signed for.
Can you deposite a payday loan into someone elses account?
Banks will allow deposits into members' accounts. Get your loan then carry the money to their bank if the payday loan people won't do a direct deposit.
How do you sell your car and have someone take over payments?
For someone to take over the payments they must essentially get a new loan for the payoff amount in their name. This new loan will pay off your loan and will make thir payoff amount higher than yours.
What happens when someone you cosigned a mortgage for has filed for bankruptcy?
When you co-sign on a loan or mortgage for someone, you are promising to make the loan payments if they can't. When someone files for bankruptcy, they are claiming that they cannot make their payments. It would stand to reason that if someone you co-signed on a mortgage for files for bankruptcy that you would then be liable for making the payments.
Can I aply for loan payments?
How can I aply for loan payments?
If you can't make the payments on your 2004 SUV what can you do?
Renegotiate the loan with the lender. Sell the car to someone else or have them take over the payments. The very last thing you want to do is default on the loan.
If you file for bankruptcy and you cosigned for someone can the car loan be included in the bankruptcy if the person is not making their payments?
YES, you can include it whether the payments are current or not.
If i cosigned on a loan then the person goes bankrupt then they default on a bankrupt what happen?
You signed to guarantee the loan. That means that you guaranteed to pay the loan if something went wrong. Something went wrong so you get to pay the loan.
How can you purchase a home when you are a co-signer to someone elses home?
You must be able to prove documentation that the primary borrower and not you have made all the payments on the loan you co-signed for, ie. cleared checks, bank statements showing payment. If you can provide your loan officer with that information, he/she should be able to avoid that obstacle. If you want to pursue this, contact me and I can attempt to assist you.
