You can sue in most jurisdictions
Ask a lawyer about it.
I've seen enough 'Judge Judy' episodes to almost recite her exactly... Anyone who cosigns for something - is equally liable for any costs. Although they were not responsible for the actual accident - the other party can sue each cosigner for the cost of repairing the damages.The cosigner who was not driving - would then have to sue the driver to recover their money.
Of course. That's what co-signers are agreeing to when they co-sign.
No. The only obligation the cosigner has is to the lender.
A cosigner can only sue if the primary borrower signed an agreement for the cosigner to pay the debt and then be reimbursed. The consignor can not sue if they, at their own liberty, decided to just pay the debt.
An auto cosigner, in the state of Indiana, has to meet all of the requirements of the contract. In most cases the cosigner has the same obligations as the primary signer.
i was able to get an auto loan with the help of a cosigner and im under 18
Yes, but the cosigner can only sue for the actual amount that was paid to prevent the loan from going into default. They might even request the title be signed over.
Anyone can sue. Your question doesn't provide enough information for anyone to answer.
Unless you have a specific repayment plan that the collection agency agreed to, there is no legal reason that cannot sue the cosigner.
This depends on what entity you were wanting to sue. Any coverage for injuries suffered should be covered in your auto policy. The BI is not reduced due to the family member causing the accident.
If you can prove that the accident caused you stress in your daily life, trauma, psychological issues, strains on your job performance, etc... Then you could get away with it.
A contusion is a "BRUISE". Sure, you can sue someone for anything but the real question is should you. Are you really suffering badly from your bruise?
Yes, you can sue the borrower and receive a judgment if they defaulted on the loan. They can also sue the cosigner.
Yes, if you defaulted on the loan.
if they didn't know for the 3 years after and they just found out about it and think its new...
The answer is that the cosigner would be left responsible for taking over the payments. If the cosigner wants to maintain his or her credit rating (which is probably damaged due to your filing bankruptcy), If the consignor does not want the auto loan people to sue for any remaining balance, then he or she will need to keep making the payments. If the auto loan company sues for any remaining balance and gets a judgment, then the auto loan company will go after the assets of the consignor and or garish their earnings. attempt o seize their assets or garnish their earnings.
You need to be more specific about where the loss occurred. If it happened in a no-fault jurisdiction, your right to sue is typically more limited than in a tort jurisdiction.
Because the person who hit them is at fault and with rear end accident there is usually medical bills and pain involved with the people who were hit. They have the right to sue to recover from the accident.
No. The cosigner would have to apply for a loan in their name using their credit, income data.
If there is no fault, then by definition there is no negligent party - negligence implies fault.
No. A cosigner's only obligation is the debt incurred by signing the lending agreement.