Legal Question in Credit and Debt Law in Florida

my husband co-signed on a motorcycle for his brother. the brother stopped paying and we included it on our bankrutpcy. repo ppl. came to get it and my brother hid it and than sold it to a friend. If his friend uses the bike and get into an accident or pulled over will my husband and I be responsible? Will we get sued or prosecuted for what his brother did?


Asked on 10/06/11, 9:12 am

1 Answer from Attorneys
Dana Manner Dana L. Manner, P.L.

Your husband is liable for repayment of the debt because he is a cosigner, and he can be sued by the lender because of any default. Your husband is not liable for any wrongful or unlawful acts of his brother, unless he was involved in hiding or selling the motorcycle. Unless your husband's name appears on the title or registration of the motorcycle, he is not liable for damages/injury caused while it is being driven.

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Answered on 10/06/11, 10:48 am


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