Georgia | Bankruptcy
Legal Question
I was divorced in 2007, my exwife remarried. In our settlement, she was awarded a car that I co-signed for. I recently received notice that she and her new husband or filing for bankrupcy (chapter 7). My name is still on the loan as co-signer.. will I be held responsible for her debt and what are my options?
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Legal Answer
The lender can pursue you.
You MAY be able to pursue her, with permission from the bankruptcy court. You need to see a lawyer immediately.
Ashman Law Office
2791 Main Street EAST POINT
Atlanta, GA 30344
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Legal Answer
You are not responsible for her debt. You are responsible for your debt, and as a co-signer it is your debt. This is the risk in the way the settlement was handled.
Scott B. Riddle, Attorney
Suite 1530 Tower Place, 3340 Peachtree Road
Atlanta, GA 30326
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