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If you are making regular payments and have not had any problems, it is unlikely they would do much of anything. Depending on your own financial history however, they could, if it is in the lending contract, require another co-signer. Your best alternative IMO, is to be honest with the creditor and explore the options.
What else can I help you with?
Will you lose your car in NY after filing chapter 7?
If a car is leased, you can keep it as long as you are paying it on time.
Will I lose my car in Florida filing chapter 7?
As long as you continue to pay your car note, PROBABLY not. Do not, fall behind on your payments though, ot it WILL be re-possessed.
What happens if you wreck your car after filing for Chapter 13 bankruptcy?
If you wreck your car after filing for Chapter 13 bankruptcy you can file it on your insurance. You can then replace your car based on the bankruptcy order.
Can a cosigner lose their car?
Sure, if the parking lot is too big.
Can you receive a car accident insurance settlement after filing a Chapter 13 bankruptcy if the accident happened after the filing?
Yes
Will filing bankruptcy affect your car insurance?
I have file for Chapter 7 twice and it has had no effect on my car insurance.
What if your car was reposed after filing a chapter 13 dont you get it back?
If the Chapter 13 was filed before the car was sold at auction, you should get it back. Otherwise, it's too late.
If you own a s corporation will you lose your house and car when filing chapter 7?
If it is the S corp going BK it does not effect your personal assets, except to the amount you own in the S corp or co-signed loans for it.
Does a cosigner have rights to the car even when its paid off?
No, the cosigner will not have rights to the car after its paid off because the purpose of a cosigner is to pay off the notice if you fail to do so. Being a cosigner does not give them to any rights to the car.
Can the cosigner register the car?
Yes, the cosigner can register the car if they are listed on the title and have the necessary documentation.
When filing Chapter 7 bankruptcy should a car that is not paid off be included on the schedule of personal property?
no
If Chapter 7 BK is filed on a car loan will the bank repo the vehicle if the cosigner is willing to make the payments?
You need to calol the LENDER and discuss this.
