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Does the co-borrower have any legal options to recoup losses against the other co-borrower when they default and they have to sell the car?
Wiki User
∙ 17y ago
No. Not unless the co-borrower paid the vehicle off and does not have possession of the vehicle. If the vehicle was repossessed both parties are responsible for any outstanding debt.
Wiki User
∙ 17y ago
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What is bank loan exposure?
The amount which the bank may lose in case of losses incurred due to risks taken, e.g. in case of a borrower's or counterparty's default.
Can a bank take your funds to cover losses in someone else's account?
No, they cannot. They can only debit money from the account of the person who has caused them losses and not just any random customer. If a bank does that then you have the right to complain against them and have the charge reversed
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Does mortgage insurance protect the bank's interest on a foreclosed loan?
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Does the co borrower have any legal options to recoup losses against the other co borrower when they default and they have to sell the car?
Nope, when you cosign the bank doesnt care who the money comes from. If the money doesnt come in your both equaly at fault.
Can you apply non-capital losses against dividend income?
No you cannot apply for non-capital losses against dividend income. Capital losses only offset capital gains up to 3K a year capital losses may be used against ordinary income.
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sign the rebellion losses bill or not sign it
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What are the stock to buy options used for?
Stock options can be used for various purposes, including speculation, hedging, and generating income. Speculators use options to gain leverage and potentially profit from short-term price movements. Investors may also use options to protect their existing stock positions against potential losses by hedging. Additionally, options can be used to generate income through covered calls, where investors sell call options against their existing stock holdings.
Can you subtract stock losses against ordinary income?
You must first take them against stock gains (of the same type, long or short) and you may take up to 3,000 a year losses against ordinary income after that. Any unused losses can be carried forward to the next year.
Did Muhammad ali have a fight record?
amateur record = 100 wins against 5 losses pro record = 56 wins (37 ko's) against 5 losses (1ko) 3 of those losses he avenged, and the last two were his last two fight.
Can stock losses be written off dollar for dollar agains capital gains?
Stock losses are capital losses. They can be taken against capital gains. (There are some matching rules - like long and short term, but generally yes). In fact, up to K a year of unused cpaital losses can be applied against ordinary income. Unused losses are alos able to be darried forward.
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until the losses have been used up against current income
What is Steve spurrier's record against Georgia as a player?
4 losses
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What is bank loan exposure?
The amount which the bank may lose in case of losses incurred due to risks taken, e.g. in case of a borrower's or counterparty's default.
