Loans

The heirs must discuss that with the lender.

Yes and No. If you are not on the 'title' and cannot show a 'contract of purchase' (bill of sale) or 'power of attorney' (dependent on your state) then any court or police agency will not give you custody or control of the vehicle. That would be the "no" section. The "Yes" can only be reached, as a legal question, if you: * Take the matter to civil court and get a judgment giving you a possessor interest (foreclosure type process, dependent on your state); * Go through a successful lien process, * Obtain a contract with the current title holders (finance company and person on the title) showing a possessor interest - assumption of loan, etc. Please understand that this is a basic question to a complicated process & question, there are other means of obtaining a legal interest in the car not discussed here.

Common advice is to never burn your bridges as you might want to return to a place later in life. It is more ethical to resolve the debt, especially if you borrowed from a friend or family.

8 fluid ounces

It should have an accounting for how much was borrowed and how much is being repaid. Any time you borrow money, it is best to have the entire loan in writing.

No. When you pay the mortgage it upgrades your house and your house only! It wouldn't be fair if you paid for everyone elses house aswell!

I am assuming your asking if you should sue a business partner if they borrowed money from your partnership based company. It all depends on how the loan was structered. If the person in questions does indeed own a ppercentage of the company then in all reality he is borrowing his own money, which would be very hard to sue them for and win. There is too much information missing to give you a educated response, I would need to know the amount, how the company is set-up, what state it's based and what the agreement stated for the payback. Remember if you initiate a law suit you can most assured count on the end of the partnership which could mean you must buy their portion out to stay in business.

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I was a university student when I married my illegal immigrant husband. It made no change in my student loans at all.

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of course since you are using their income. of course since you are using their income.

The property is still subject to the mortgage. The grantee should make arrangements with the bank to assume the mortgage. Some mortgage documents contain language that a transfer of the property will trigger a demand that the mortgage be paid in full. You should speak to the bank ASAP. Or, the grantee could just keep paying the mortgage.

: ALL debts and ALL assets MUST be included. You cannot pick and chose what is included. Your entire financial obligations and assets are involved. You go BK, not a debt. : : Each type of obligation or asset are given different priorities (or status) of payment, with assets being used to pay obligations. Debts that are secured to an asset have first call over other creditors on the funds from that asset. : : Some assets and some debts may be exempt from use or disharge, but they are included and given that status. That basically becomes a court decision. : : A mortgage debt is dischargeable, but the asset involved is also available to satisfy debts. (No, you don't get to file some paperwork and get your house for free.)

yes

In most states and in Canada, any time there is activity on an overdue account, the time limit rests. For instance, if you have an old debt that is due to be erased from your credit file in 3 months, but suddenly begin a payment plan, the clock starts all over.

If the lender agrees, yes. The matter is entirely up to the lender because the borrower is in default.

No. Commuted Rations or COMRATS (otherwise known as BAS or Basic Allowance for Subsistence) is money added to a military members pay so that they are able to buy food when messing is not available. Put more simply, if you eat aboard ship or eat for free in the mess hall, or any other facility where the military provides you with free meals, you will not receive COMRATS. If there is no such food available (i.e. Sailors on shore duty) or within reasonable means (a married member will not be expected to come to the mess hall for a meal when they live in town), then the military will add money to that members pay to cover food. Currently COMRATS is a little under $280 per month.

If you made the payment, yes.

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It depends. Most any of the types can, or may not. Some considerations are if your speaking of a business (Corporation) or personal bankruptcy, if the debts are secured or not, and how much of what type of assets there are and if any of them are to be maintained after the bankruptcy as determined by the Court and creditors. There is no personal bankruptcy where secured debts or other obligations such as child support arrearages. A chapter 7 is a total liquidation bankruptcy in which the debtor can discharge all debts that are not secured including judgments, liens that have not been "perfected", stop wage garnishment, etc. The petitioner will however be required to relinquish all non exempted property.

For evidence you would need a written, signed agreement (or promissory note) stating that your friend would reimburse you for any mortgage payments you made on their behalf and the agreement would need to recite a date the reimbursement was to be due. You would need to sue your friend for non-performance and obtain a judgment lien. You could record the lien in the land records and it would become a junior lien to the mortgage. If you had no written agreement you could still try to sue but the court may consider you to be a volunteer and would not issue a judgment in your favor.

If no lender will approve a car loan, then continue riding the bus or car pooling while you establish a credit record. Establishing your credit history puts you in control.

Only the person or lender who owned the mortgage can discharge it.

In Massachusetts, if a mortgage discharge has not been provided by the mortgagee within a reasonable period of time, or when the mortgagee is no longer in business, there is a statutory scheme by which proof of payment in full can be recorded with an affidavit. You should speak to someone at your state attorney general's office or a private attorney if you are having difficulty obtaining a discharge for a paid mortgage.

First of all, get and keep the payments up to date, which is what you committed to do as a co-signer. I'm assuming you have already made every possible direct appeal to your friend, and you don't expect the friend to start making payments again or repay what you've paid. A lawyer who deals with debt and bankruptcy might be your best bet, but your options may be limited. You have committed to pay this loan, just the same as if you had gotten the loan for your own car, and your credit rating is at risk here. Your recourse will probably be limited to this friend, and it remains to be seen if a lawyer can do what your friendship will not. Unless you believe your friend actually has money to pay for the car, then what do you hope to accomplish? You should try to get the car in your possession, so you can protect its value as collateral. Hopefully you can sell it to recover the amount of the loan, unless you wnat to keep the car for yourself. Let all who read, learn to beware cosigning. I hope you will indulge some ancient wisdom. Proverbs 6 1My son, if you become surety for your friend, If you have shaken hands in pledge for a stranger, 2 You are snared by the words of your mouth; You are taken by the words of your mouth. 3 So do this, my son, and deliver yourself; For you have come into the hand of your friend: Go and humble yourself; Plead with your friend. 4 Give no sleep to your eyes, Nor slumber to your eyelids. 5 Deliver yourself like a gazelle from the hand of the hunter, And like a bird from the hand of the fowler.

Both are equally responsible for debts accumulated during the marraige. That includes your credit cards, her credit cards, mortgage, vehicle, personal loans, etc. * No. NY is not a community marital property state (it is a TBE state). Therefore all separately owned property and separately incurred debt belongs to the person named on the deed, title and/or lending contract.