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Can you take a payment from a co debtor if debtor is unavailable?
Wiki User
∙ 9y ago
Generally, a co-debtor is also the debtor and you may ask for repayment from them. However there may be local legal restrictions so you would be well advised to contact a legal representative in this matter.
Wiki User
∙ 9y ago
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Does the bankruptcy co-debtor stay apply to a joint debtor?
The co-debtor stay is applicable in chapter 13.
What recourse does co signer have if the primary debtor defaults?
The co-signer can sue the primary debtor for reimbursement of what the co-signer pays the creditor.
Can you sue a co-debtor for the balance remaining after your repossessed car was sold if the co-debtor was declared responsible for the debt by the court but never paid?
Yes, you can sue a co debtor for at least half of the remaining balance. You would owe part of it as well.
After the car is sold who do they come after for the deficiency the debtor or the co-debtorWhat if the co-debtor does not work How can they get there money?
Either/or both, whomever has the money or assets to pay.
If you told the landlord your payment will be late and the co signer paid the rent without you knowing can he take you to court for the payment?
Yes. Obviously the co-signer was protecting their credit by paying the rent.
What is a co-signer's rights if the primary debtor is not making the payment because they have passed away and the debt has been for over 7 yrs?
I co signed for my brother to get dentures. Shortly after this, my brother died. I am on social security and can not afford these payments on my brothers teeth. What can i do?
Do you have to be married to file joint chapter 7?
NO, you can have a co-debtor.
What is the definition of a copay?
When a beneficiary is required to make a payment in addition to the amount that will be paid by the insurer, this is called a co-payment, or co-pay for short. The word co-payment is a noun.
If you co-sign on an apartment and the leaser doesn't make payments can they take your home that you own for payment?
no the co-signer will have to make payments or they will be removed from residence.
Can the credit card co take your state income tax return you file joint with your husband who is retired?
No. A creditor cannot seize any property belonging to a debtor until said creditor sues the debtor(s) and receives a judgment order.
Can a co-signer for a car repossess the car for non-payment and or failure to maintain insurance?
NO, a co-signor cant repo anything. IF your name is on the TITLE as co-owner, you can take possession. NO name on the title, all you can do is work with the lender and take care of it that way.
What if the borrower dies and there was a co-signer?
The lender will go after the co-signer for payment.The lender will go after the co-signer for payment.The lender will go after the co-signer for payment.The lender will go after the co-signer for payment.
