Co-signing

If a mother made a finance agreement and then died who takes over the payment and if you were pushed into signing to take over the payments can anything be done?

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2005-11-15 03:48:43
2005-11-15 03:48:43

If the original borrower was the only account holder and was not married living in a CP state, the debt would become part of the deceased's estate and would be paid if there were funds belonging to the deceased available. If another family member voluntarily assumes the debt, then it will more than likely be deemed legitimate by the court unless said person can prove they were coerced, intimidated or otherwise fraudulent deceived as to their legal responsibility regarding said debt(s). It might be prudent to obtain the advice of an attorney who specializes in creditor and debtor issues. Most attorneys wiil offer a free or minimal fee consultation.

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