The Bankruptcy Reporter is considered a secondary authority in legal research. It compiles and summarizes bankruptcy cases, providing analysis and insights but does not serve as an official source of law. Primary authority consists of statutes, regulations, and case law that establish legal standards. Relying on primary authority is essential for legal arguments and court proceedings.
No.
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 additional advice or assistance.
No, the primary signer is still liable. But if a loan is not dischargeable, such as a student loan (actually is is extremely hard to discharge), both the primary and co-signer will STILL be liable after the bankruptcy
Primary authority is a legal statement to which everyone is subject, including individuals, courts, and the government. Primary authority is mostly used to establish a law.
Are Ohio statutes primary or secondary authority
The primary would be held liable for the debt.
no
By listing the creditor on the bankruptcy schedules.
The co-signer would then be liable.
Unless there is a lien on the property, they are required to obtain permission from the Bankruptcy court and get in line. Bankruptcy court has authority over all other civil courts. Contact your bankruptcy lawyer for advisement.
An anchorman is a primary male reporter on a television news broadcast.
Many states have passed laws that protect the primary residence only. You need to consult with an attorney who specializes in bankruptcy.