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No, your obligation on the co-signed loan is also discharged, unless their are other issues (like the co-signed loan payment being part of a divorce agreement or order).
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∙ 14y ago
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If a collection agency goes bankrupt how does someone find out who owns the debt?
Even if the collection company goes bankrupt, you still owe the bank whatever money you borrowed from them. The bank hires the collection company to get that money, so you still owe them
What is the balance on a loan?
The balance means the amount of money that you still owe on the loan.
Can you go bankrupt if you owe the taxman money?
yes you can bankrupt
If a bank goes under do you still owe on your loan?
Yes.
Define outstanding loan?
Difference between loan disbursed and loan outstanding; the unpaid remainder that you still owe.
Can you still owe money after your car is repossessed and you are bankrupt?
You still owe the balance after the insurance money is paid, if there is a balance. You can only get rid of it, along with your other unsecured debts, by filing bankruptcy.
Can the bank repossess your car after the loan matures and you still owe?
If you still owe on the car (whether matured or not), the bank can take it if you don't pay. It belongs to them until the loan is paid and the title is sent to you.
Do you owe the balance on a wrecked vehicle?
Yes, you are still responsible for the loan no matter what happens to the car, hopefully the insurance payout covers what you still owe on it.
Can you trade in your car if you still owe on the auto loan?
yes you can trade it in. But if you owe more than what the dealer is going to give you for the car the remaining balance will be added to your new loan
How much do I still owe on my car loan?
Sorry but, only you would know that:(
Can you get in trouble for selling a car to private party that you still owe money on?
I recently sold my dirt bike to someone and I still owe on the loan. Can I go to jail?
Can you get a loan if you owe another lender?
can I get a loan if I owe another lendor/
