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Can a person who has filed for bankruptcy be a co signer on a lease?
Wiki User
∙ 10y ago
That would be unlikely since a co-signer guarantees the loan will be repaid if the primary borrower defaults. A bankruptcy would indicate the proposed co-signer has no money, owes a large debt and cannot pay their own way.
That would be unlikely since a co-signer guarantees the loan will be repaid if the primary borrower defaults. A bankruptcy would indicate the proposed co-signer has no money, owes a large debt and cannot pay their own way.
That would be unlikely since a co-signer guarantees the loan will be repaid if the primary borrower defaults. A bankruptcy would indicate the proposed co-signer has no money, owes a large debt and cannot pay their own way.
That would be unlikely since a co-signer guarantees the loan will be repaid if the primary borrower defaults. A bankruptcy would indicate the proposed co-signer has no money, owes a large debt and cannot pay their own way.
Wiki User
∙ 10y ago
Wiki User
∙ 10y agoThat would be unlikely since a co-signer guarantees the loan will be repaid if the primary borrower defaults. A bankruptcy would indicate the proposed co-signer has no money, owes a large debt and cannot pay their own way.
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What is a co-signer when renting an apartment?
A co-signer is a person who agrees to guarantee the rent will be paid for the duration of the lease and also for any damagescaused by the primary lessee. If the primary fails to abide by the terms of the lease, by non-payment or moving out prior to the end of the lease, the co-signer will be responsible for paying.A co-signer is a person who agrees to guarantee the rent will be paid for the duration of the lease and also for any damagescaused by the primary lessee. If the primary fails to abide by the terms of the lease, by non-payment or moving out prior to the end of the lease, the co-signer will be responsible for paying.A co-signer is a person who agrees to guarantee the rent will be paid for the duration of the lease and also for any damagescaused by the primary lessee. If the primary fails to abide by the terms of the lease, by non-payment or moving out prior to the end of the lease, the co-signer will be responsible for paying.A co-signer is a person who agrees to guarantee the rent will be paid for the duration of the lease and also for any damagescaused by the primary lessee. If the primary fails to abide by the terms of the lease, by non-payment or moving out prior to the end of the lease, the co-signer will be responsible for paying.
If you are the primary signer on an auto loan lease who has bad credit and the co-signer goes bankrupt are you as the primary affected in any way even when you've made all payments?
The primary signer's credit will not be affected by the bankruptcy of the co-signer (as long as pmts are made on time). However, if the loan is relatively new, the lender may require the primary borrower to sign new papers providing a different co-signer.
How do you stop being a co-signer on an apartment?
Generally, a co-signer is responsible until the lease has expired unless the landlord agrees in writing to release the co-signer from all liability. Generally, a co-signer is not only responsible for paying the rent for the duration of the lease if the primary doesn't pay but also for any damages not covered by a security deposit.Generally, a co-signer is responsible until the lease has expired unless the landlord agrees in writing to release the co-signer from all liability. Generally, a co-signer is not only responsible for paying the rent for the duration of the lease if the primary doesn't pay but also for any damages not covered by a security deposit.Generally, a co-signer is responsible until the lease has expired unless the landlord agrees in writing to release the co-signer from all liability. Generally, a co-signer is not only responsible for paying the rent for the duration of the lease if the primary doesn't pay but also for any damages not covered by a security deposit.Generally, a co-signer is responsible until the lease has expired unless the landlord agrees in writing to release the co-signer from all liability. Generally, a co-signer is not only responsible for paying the rent for the duration of the lease if the primary doesn't pay but also for any damages not covered by a security deposit.
Can you lease a car in chapter 13 bankruptcy without getting permission from the trustee?
You will need permission from the trustee before doing anything financial while in chapter 13 bankruptcy. You will have already signed paperwork agreeing to full disclosure with your trustee when you filed.
Will apartment lease show up on co-signers credit score?
When the co-signer signed for the signer then the co-signer accepted the debt as his/her own. If the signer does not fulfil the terms of the lease then the co-signer will be responsible and it will appear on the credit report. If and when it effects the credit score will depend what is contained in the report now, example to many debts, not paying per the guidelines of the other debts, etc. Some credit report sites have scenerio calculators, most times they are free to use.
What is a co-signer when renting an apartment?
A co-signer is a person who agrees to guarantee the rent will be paid for the duration of the lease and also for any damagescaused by the primary lessee. If the primary fails to abide by the terms of the lease, by non-payment or moving out prior to the end of the lease, the co-signer will be responsible for paying.A co-signer is a person who agrees to guarantee the rent will be paid for the duration of the lease and also for any damagescaused by the primary lessee. If the primary fails to abide by the terms of the lease, by non-payment or moving out prior to the end of the lease, the co-signer will be responsible for paying.A co-signer is a person who agrees to guarantee the rent will be paid for the duration of the lease and also for any damagescaused by the primary lessee. If the primary fails to abide by the terms of the lease, by non-payment or moving out prior to the end of the lease, the co-signer will be responsible for paying.A co-signer is a person who agrees to guarantee the rent will be paid for the duration of the lease and also for any damagescaused by the primary lessee. If the primary fails to abide by the terms of the lease, by non-payment or moving out prior to the end of the lease, the co-signer will be responsible for paying.
Are you responsible for any end of lease payments at the end of a lease during which you filed for bankruptcy since no money can be demanded from you?
If the matter in question was included in the bankruptcy discharge, you may not have to pay it. If it was left out, or the property owner was allowed to opt out of the bankruptcy discharge the debt is collectable.
If one person signed another person name on a lease is that lease still valid?
Probably not. But, if this was an attempt by the signer to create a loophole for getting out of the lease later, a judge might hold the person to it.
If you have filed bankruptcy and you break your lease do you still have to pay?
You should have told the court and the trustee in the chapter 7 documents what your intentions were with respect to the lease. If you were terminating the lease, you must return the leased property to the creditor.
How long does the co-signer have to stay on an auto lease?
The co-signer is responsible until the lease expires or until a new lease is executed.
Does a personal bankruptcy eliminate a personal guaranty on business debt?
Yes. I filed for that reason alone. I signed a lease for a business. I was told I had to sign a personal guarantee. I had to file a personal BK because of it. When I left the lease they tried to sue the business....but the business had nothing, so they came after me because I signed a personal guarantee. I filed a Bankruptcy and it was discharged.
Name of a lease signer?
renter
Can a tenant sign a lease takeover with the new tenant if they have a guarantor on the original lease and the guarantor hasn't signed the lease takeover?
No. The tenant cannot make changes to the lease agreement without the signature of their co-signer. The "lease takeover" you suggest would not be binding on the lessor and the lessee & co-signer would remain fully responsible under the original lease agreement. You should not even consider making any changes that would affect the co-signer of the lease without notifying the co-signer.No. The tenant cannot make changes to the lease agreement without the signature of their co-signer. The "lease takeover" you suggest would not be binding on the lessor and the lessee & co-signer would remain fully responsible under the original lease agreement. You should not even consider making any changes that would affect the co-signer of the lease without notifying the co-signer.No. The tenant cannot make changes to the lease agreement without the signature of their co-signer. The "lease takeover" you suggest would not be binding on the lessor and the lessee & co-signer would remain fully responsible under the original lease agreement. You should not even consider making any changes that would affect the co-signer of the lease without notifying the co-signer.No. The tenant cannot make changes to the lease agreement without the signature of their co-signer. The "lease takeover" you suggest would not be binding on the lessor and the lessee & co-signer would remain fully responsible under the original lease agreement. You should not even consider making any changes that would affect the co-signer of the lease without notifying the co-signer.
Can a cosigner be removed from a lease?
The co-signer cannot be released until the lease has expired unless the lessor agrees to release the co-signer in writing.
Does the landlord need to know when you file chapter 7?
Not necessarily if you are already in a lease and making your rent payments on time. It is, however, not hard to find out if a person has filed for bankruptcy if your landlord runs your credit or checks because it is a public record.
Can a co signer on a lease be removed after 6 months?
That's up to the owner, landlord or management company. There is no universal rule stating such. Generally, the co-signer remains on the lease for the life of the lease unless otherwise stated in the lease agreement.That's up to the owner, landlord or management company. There is no universal rule stating such. Generally, the co-signer remains on the lease for the life of the lease unless otherwise stated in the lease agreement.That's up to the owner, landlord or management company. There is no universal rule stating such. Generally, the co-signer remains on the lease for the life of the lease unless otherwise stated in the lease agreement.That's up to the owner, landlord or management company. There is no universal rule stating such. Generally, the co-signer remains on the lease for the life of the lease unless otherwise stated in the lease agreement.
Does the co signer of a car lease agreement need to be in person?
Yes Co-signer must be there in person and show a valid driver licenses, with all the correct information. The Dealership will also have to make a copy in-case they are audited.
