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Is a cosigner still responsible if the first party filed bankruptcy but reaffirmed the car loan?
Wiki User
March 21, 2007 4:51PM
The company wants their money so if the primary doesnt pay then the cosigner must. Their is no way of getting around this. Bankruptcy should be outlawed. If you cant afford things dont take on the debt.
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Can a cosigner acquire foreclosed business property after the borrower files bankruptcy?
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co-signed.
You need to consult with an attorney. If you have not filed
bankruptcy then you may be responsible for paying the mortgage you
co-signed.
You need to consult with an attorney. If you have not filed
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Asked in Auto Loans and Financing, Repossession, Co-signing, Bankruptcy Law
If the primary owner of a car files for bankruptcy and it is discharged and the car is back with the company will the co-signer be liable for the payment?
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be held responsible for the entire amount of the loan.
Asked in Bankruptcy Law
You are a cosigner and the debtor has filed chapter 13 what happens to your obligation?
You are protected during the term of his bankruptcy. If he does
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Asked in Mortgages
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What happens to a mortgage after bankruptcy depends on whether
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What happens when a cosigner declares bankruptcy-not the primary owner?
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I filed for bankruptcy in 2001now I need a cosigner for my new apartment will the cosigner know about the bankruptcycan the bankruptcy creditors link the cosigner to me damage their credit?
I am in the same boat due to illness and I am looking for a
co-signer so I can rent an apt. The bankruptcy has been discharged
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Asked in Debt and Bankruptcy, Loans, Co-signing, Mortgages, Money Management
Will a cosigner on a mortgage be notified if a borrower files for bankruptcy?
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I cosigned a loan for my granddaughter she has filed bankruptcy will her creditors come after you too?
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Asked in Loans, Co-signing, Civil Lawsuits, Money Management
Can the cosigner sue the primary borrower for the debt if it was included in bankruptcy?
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procdures including a lawsuit. In some state filed BK's a cosigner
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Asked in American Cars, Auto Loans and Financing, Repossession, Co-signing
What if the primary borrower files bankruptcy is the cosigner still responsible for making payments on the vehicle Can the co-signer take their name off the vehicle?
A Co-signer is always responsible for the item unless the
primary borrower refinances and removes the co-signer.
Unfortunately if the primary borrower filed bankrupcy it doesn't
seem likely they will be able to refinance. Yes. Cosigner means
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Asked in Debt and Bankruptcy, Co-signing
What are the rights of a cosigner when the primary filed bankruptcy then didnt pay the bankruptcy so the bankruptcy was dismissed?
As a cosigner, you are not at all protected if the primary
signer files for bankruptcy. In many cases, filing for bankruptcy
relieves the primary signer on the loan from his obligations
towards the loan, at which point the lender will turn to the
cosigner for payment. You'll either have to pay the loan or file
for your own bankruptcy (if necessary).
Unfortunately, you're stuck with the loan regardless of whether or
not the primary signer successfully completes his bankruptcy
filling. You may want to contact a bankruptcy lawyer for some
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Can someone whos gone through bankruptcy be a cosigner?
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If you filed Chapter 7 bankruptcy 5 years ago can you file again on your home and when?
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If you filed bankruptcy and one of the creditors had a lien on a car do you get the title back after the bankruptcy is final?
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Asked in Auto Loans and Financing, Repossession, Personal Finance, Loans, Co-signing, Money Management
Your ex has filed bankruptcy and you are a cobuyer on the auto loan what will happen now?
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Asked in Law & Legal Issues, Personal Finance, Loans, Money Management
Is the borrower responsible for repayment of a vehicle loan two years after the cosigner filed bankruptcy and the vehicle was repossessed?
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Can you take the possession of the car if you were the cosigner of a person who filed bankruptcy even if they have included the car in bankruptcy?
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