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What else can I help you with?
If you cosigned a loan and then went bankrupt and the original loan person skipped on the loan are you now liable as the cosigner even though you went bankrupt before?
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 your car is repossessed and the person who cosigned for you files bankruptcy are you still liable for the repossession?
Yes. If you default on your car loan you will remain liable for the debt.
What do you call A person who has fainted?
They are still a person, they have just passed out.
Can a lawyer still bill a deceased person?
Yes, but he is unlikely to get paid. The family of the deceased owes nothing for the decedent's debt load unless they cosigned a loan.
What happens if a loan is in default and the co-signer who put up the collateral is deceased?
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
Is a person who is 65-years-old and retired responsible for paying a loan they co-signed for if the owner defaults?
Yes - unfortunately when you cosign a loan - you cosigned a loan and if the owner defaults you are still responsible no matter how old you are. You could check with the lenders but wait until they contact you.
Name the man responsible for the rule that a person must be dead before they can appear on our money. Why was the law passed?
Technically, George Washington is responsible for this rule given that he declined to be placed on U.S. coins while he was still alive. This decision began the long tradition that is still in place today, and which has now been legislated into law.
Is a cosigner responsible to pay a credit card debt if the credit card limits are increased from what was originally cosigned?
The creditor would likely claim the cosigner is still responsible, but unless it is in the original agreement that such increases are part of the contract the cosigner could make a case for being relieved of the responsibility or only being responsible for the origninally quoted amount.
Who is responsible for debt if a bank cancels a credit card?
The person who carried the card is still responsible for the debt.
If you are a cosigner for a car and own a car do you loose both cars?
The biggest threat to you losing both cars is if you used your car as collateral, and the person for whom you cosigned defaults on the loan, and you can't make the payments on the other person's car yourself. But, even if you didn't use your car as collateral, then the bank/finance company could still file a judgment against you for the remaining balance that was owed on the car you cosigned for.
Is there a way to legally remove your name from a car that you cosigned for a girlfriend?
Yes but the bank has to agree to you removing your name from the loan something they are not likely to do.Why reduce the number of people who are liable for a loan from 2 to 1 ????One of problems with cosigning a loan for anyone:wife,girlfriend,boyfriend,mistress,friend, brother, sister etc.,etc.is if the relationship changes the loan is still there.... even if the other person dies you are still responsible for the balance.
What happens to the car when the co signer dies?
If a co signer of a car dies, the other person on the contract is still responsible for payment. The person who is deceased is no longer responsible for repayment.?æ
