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Are you legally bound for the payments if you cosigned on a truck loan for your son if it is bought under the company and he files for bankruptcy?
Wiki User
∙ 12y ago
Yes.You should consult with your attorney.
Yes.You should consult with your attorney.
Yes.You should consult with your attorney.
Yes.You should consult with your attorney.
Wiki User
∙ 12y ago
Wiki User
∙ 12y agoYes.You should consult with your attorney.
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Can you file bankruptcy in Ohio then move to Germany before the bankruptcy is complete?
Yes, you can move anywhere you want to, but if you are paying payments (Chapter 13) you are still legally obligated to make the payments.
Can your federal tax refund be taken if you cosigned for a truck that was repossessed?
Legally, YES.
With whom can collection agencies discuss your payments?
Legally, only you and the company employing them, oh and the government.
What is the difference between a company going bankrupt and getting bankruptcy protection?
One and the same...going bankrupt means they have legally asked for protection under the bankruptcy laws.
Does the bankruptcy court notify you when the bankruptcy is final and legally discharged?
No. The lawyer does.
Am I legally allowed to refinance my home mortgage after filing bankruptcy?
You can legally refinance if you choose to, there are no restrictions from the bankruptcy. With that, you may find that lenders will not approve your loan because of the bankruptcy.
How long does it take for your credit to get better after you are discharged from Chapter 13 bankruptcy?
Your credit score starts going up the minute the bankruptcy is filed. Debts incurred after the filing (even the day after), are exempt from the bankruptcy. If you make house and/or car payments on time, your score goes up Legally, they can hold it for up to 10 years.
Your father cosigned with you on a car and now you are moving and he wont let you take it you have made all your payments maintained it and takenc are of it.Can he legally take the car from you?
(note I am NOT a legal professional) I believe co-signing a loan only means that person promises to make the payments if the primary loan signer fails to make the payments. The co-signer has no ownership of the vehicle. I personally would talk with the company that gave the loan in the first place. IF you have been making payments consistently they may be willing to remove the co-signer from the loan, at which point the father would have no legal connection to the vehicle.
Can a company repossess your vehicle if your payments are up to date?
Not legally, but if you bought the car from Barney's backyard sales & mower repair, maybe.
You have a car loan can another person take over the payments?
If the loan company approves. If the loan company does not approve and transfer the loan you would still be legally responsible for the debt.
The act of being declared legally insolvent?
bankruptcy
Can a person work legally if he file bankruptcy?
Yes. Filing bankruptcy does not affect your work status generally speaking.
