Posted on: 12th Feb, 2009 11:45 am
here's my problem:
my mother is the cosigner on my car, and both of our names are on the title. If I file for bankruptcy, how will she be affected?
Help!
my mother is the cosigner on my car, and both of our names are on the title. If I file for bankruptcy, how will she be affected?
Help!
if you continue to pay your car loan, despite the bankruptcy, then there will be no issues here.
if you stop making payments, your Mom will be required to make them.
if you stop making payments, your Mom will be required to make them.
Yes being a co signer means that she will be responsible for the loan when you stop paying them.
