You signed for your daughter to buy a home she refinanced in her name onlyfour years later she is filing for bankruptcy are you responsible?
No; the note you co-signed was paid in full when she refinanced. Since you didn't co-sign the second note, you're not responsible for it.
Even if she didn't refinance, if she filed Chapter 13 and is paying the note thru her plan, generally they can't come after you.
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 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 bankruptcy then you may be responsible for paying the mortgage you co-signed. You need to…
Can a home be refinanced in the husband's name only to pay-off the wife's bankruptcy so they can buy a new home?
A co-signer will be part of the contractual agreement, and equally responsible for the debt until the loan is paid as agreed or refinanced w/o the co-signer entering into a new contract. The obvious exception would be the co-signer filing for bankruptcy, if the primary borrower should file, the co-signer will be responsible for the debt. Co-signing also has a significant impact on the person's credit rating.
If your wife included a joint car loan in her bankruptcy but you did not file bankruptcy are you still liable for that loan?
We did not reaffirm our van in the bankruptcy and kept making payments if we surrender it to the bank are we liable for the balance after auction?
If you did not list it in your BK, you will be responsible for any outstanding balance that is not recouped in the auction. Yes. Secured property is not dischargeable in any bankruptcy filing. ------------------------------ If you included it in the bankruptcy, but just didn't reaffirm it, you won't be responsible for any balance.
Generally, you can't make a co borrower refinance. That must be voluntary. You are responsible for the loan until it is paid off. If there is a divorce the parties can negotiate concerning a mutual loan and the divorce decree can contain a provision that the loan be refinanced. Generally, you can't make a co borrower refinance. That must be voluntary. You are responsible for the loan until it is paid off. If there is…
You can contact the office of the bankruptcy attorney who is responsible for filing and managing the bankruptcy case. The bankruptcy court will automatically send the bankruptcy attorney copies of the bankruptcy paperwork. In most situations the bankruptcy attorney or the office paralegals will be able to tell you the date of bankruptcy in person or via telephone. Visit the United States Bankruptcy Court Federal Record Retrieval website. Once at the website, enter your name…
You just filed chapter 7 bankruptcy you told them you did not want to keep your car so after you give it back will you be responsible for the remaining balance if it doesnt sell for how much you owe o?
Who is responsible for property taxes and upkeep of home if the mortgage was discharged in chapter 7 bankruptcy and the foreclosure process has not begun in Florida?
Are you responsible for the debt if you are a cardholder if your fathers files bankruptcy and he is the primary cardholder and has paid all bills?
Are you responsible for any end of lease payments at the end of a lease during which you filed for bankruptcy since no money can be demanded from you?
Parents would say by listening to their instruction and guidelines. However, not all parents are responsible parents, so that may not be the way to be responsible for every daughter. Being responsible includes fulfilling your obligations and holding yourself accountable for your own actions. That is true for every person, not just daughters.
This depends on two things. Are the debts joint and do you live in a community property state? If they are his debts alone and you do not live in a community property state you are not responsible. Therefore you do not need to be a part of bankruptcy proceedings. If however they are joint debts and/or you live in a community property state you are equally responsible for the debt(s). And it would be…
The other person becomes solely responsible, if one party has filed bankruptcy and is no longer responsible for it. If both parties file bankruptcy within a relatively short time of each other then neither of you will be responsible for the amount owed. * The exception would be if the judgment has been "perfected" as a lien against real property. In such a case the judgment creditor becomes a secured creditor and the judgment will…