Legal Question in Business Law in Indiana

Re: loans

I assume as far as you are concerned, bankruptcy is out of the question. A bankruptcy is the only way I can think of that would legally compel your co-owner and co-debtor and loan company to let you loose. If your co-debtor were to re-finance the car in his name alone, you would then be released. You might do the exploratory work about what a good deal this would be for him. I suggest you try to work through credit unions or banks. They'll probably be happy to go out four years, maybe more, on a relatively good used car. I hope the friend reciprocates acts of friendship with you. Good luck.