You signed to guarantee the loan. That means that you guaranteed to pay the loan if something went wrong. Something went wrong so you get to pay the loan.
Yes. If you default on your car loan you will remain liable for the debt.
Unfortunately if you cosigned a loan that means you were willing to pay the loan if the other signer defaults and if that happen they will go by any means to collect that money that you "cosigned/said" you would cover if the other person defaults. I would go after that person that you cosigned for if it has gone this far.
Yes you are still responsible, especially if you didnt put it in your Bankruptcy, Any obligation you dont include you are still responsible for
if you are from 'merica
Pay the loan off and then collect payments from the person you cosigned for.
A bankrupt is a person who cannot pay his or her debts.
No, you would have to redo the loan.
Certainly, an elderly person can go bankrupt; there is no age limit on bankruptcy.
Very little, you will have to pay.
The person who was "cosigned for" is still liable and the collateral is still collateral, it's just owned by the estate now. Same laws still apply
A person who can not pay his or her debts
Yes it can be done. I'm in the process of doing so myself.
only if you owe them money
A person bankrupt money from the bank, so the polices were trying to find him.
A person is morally bankrupt if his actions display a complete disregard for ethical values or principles.
It does not affect your life estate. But the title to the property can be sold or transferred, subject to the life estate.
yes they can
a person who cannot pay his or her debts
A bankrupt person is one who cannot pay his debts. Bankruptcy laws sometimes allow indebtedness to be legally discharged when it is unlikely to ever be repaid.
As far as the auto loan you cosigned for, nothing will happen as long as the person who actually borrowed the money makes the payments on time.
If a person's name is listed on a title, that person owns the car. If a person merely cosigned the note, that person's name will not be on the title. If you own the car, you certainly can take physical possession of it.
While some people went bankrupt in the 1890s mini depression, many businesses went bankrupt during the Great Depression.She felt emotionally bankrupt because of her drug addiction.