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Thats a decision YOU have to make. Please consider the effects on your credit for each choice. Having to make that decision is a result of not considering it b4 you cosigned. Good Luck

2015-07-15 19:39:43
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Related Questions

Will bankruptcy payment be lowered when house payment is out of default?

Yes. in support with your bankruptcy lawyers experts.

You cosigned a loan and your daughter has not paid the payment for 10 months Can you take her to small claims court to sue her for non payment?

If you made the payment, yes.

Can you keep your house if bankruptcy is dismissed for non-payment?

That decision is made by the lender not the bankruptcy court.

Can you file bankruptcy even if someone else has cosigned with you?

Yes. You can file BK. The lender will then go after the co-signer for payment. In other words, the co-signer learns why the lender required a co-signer in the first place.

If you file a bankruptcy petition does that change the status of a debt on a judgment to the creditor?

A judgment is final and does not change. The creditor was awarded and filing bankruptcy is a different issue. Also state laws vary. A petition in bankruptcy lists the debtor's assets, liabilities, and debts so that a realistic arrangement for the payment of creditors can be devised.

What is a Arrangement for deferred payment for goods and services?


When should a stockholder receive payment if a company declares bankruptcy?

A stockholder should receive payment only after the claims of the creditors have been paid off if that company declares bankruptcy.

If you cosigned on a loan and they are constantly late on their payment can you take legal action and ask that she refinance the car?

Nope... You signed a binding contract.

Is a surviving spouse liable for payment of debt on a loan cosigned only by the deceased spouse in Kentucky?

No, Kentucky is not a community property state.

If you already have a payment arrangement with the IRS will they take your refund?

Yes, if you already have a payment arrangement with the IRS but have a refund due, they will take the refund. If you have a balance due, they will apply your tax refund to this balance.

How can I re open dismissed bankruptcy due to lack of payment?

You can't.

Does a mortgage company have to accept a late payment during a bankruptcy if they receive it?


If your father cosigned a car loan with you and you missed a payment does he have authority to take your car?

Well, if you are under 18, he can certainly take away your keys.

Can the IRS take your refund even if you have a payment arrangement?

Yes, unfortunately.

Do you still have to pay for student loans when you file a bankruptcy?

Yes, student loans can not be discharged in bankruptcy. You can consolidate your loans and get a smaller payment.

A car has been impound can the car be return to owner if a payment arrangement is made with parking tickets plan?

A car has been impounded , can the car be return to owner if a payment arrangement is made with parking authorities.

How do you write a letter that will help make a payment arrangement with a company?

Write them I owe you. Ressecion eating me more than your payment.

Can you cancel your insurance if your car is in bankruptcy?

Absolutely not! If you are still using the vehicle, it must be insured. However, the insurance payment would not be covered by the bankruptcy.

When do you stop paying your creditors once you have retained a bankruptcy attorney?

The debtor should cease payment of creditors when they decide they are going to file for bankruptcy.

How do you get payment on child support if your ex spouse files chapter 7 bankruptcy?

Yes, bankruptcy does not effect spousal support or child support.

If the mortgage was reaffirmed but on your credit report it appears as Bankruptcy is this an error?

Yes, a reaffirmed mortgage needs to reflect the mortgage payment history before, during and after the bankruptcy proceedings. "In Bankruptcy" needs to portray only DISCHARGED BY or INCLUDED IN...Bankruptcy. Contact your mortgage company so that all of your payment history shows on all three bureaus. No. Not if it were a part of the bankruptcy filing. It may or may not be marked included in bankruptcy or reaffirmed in bankrutpcy. It will still remain on the CR for the prescribed time.

What is bankruptcy refinancing?

Bankruptcy refinance helps homeowners who had bankruptcy or other credit matters get a home loan to find a payment assistance, and helps restore their credit while also achieving their financial security.

What happening to you if the court reopen your bankruptcy case?

Motions to reopen bankruptcy cases shall be accompanied with the payment of any prescribed filing fees. Payment of the filing fee to reopen a bankruptcy case filed by the trustee due to the discovery of additional assets in the estate shall be payable at the time the motion to reopen is filed.

Can you change your bankruptcy payment?

Yes, you can modify your plan payments if there is a change in your economic situation.

What can be done if the person died that a person cosigned for Is there anyway the person can resolve this situation They are elderly and can't afford the payment What are some options Need help?

jamal Simpson