Legal Question in Credit and Debt Law in Maryland

I co-signed a load for my friend a few years ago to help her out. In a couple of years she was diagnosed with cancer, she passed away recently. The debt collectors have been trying to reach me to pay the loan back. It is over $4,000 now, am I responsible for my friend's debt or is there a way out? Thanks.

Asked on 8/14/12, 7:15 pm

1 Answer from Attorneys

Brett Weiss Chung & Press, LLC
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Generally speaking, unless the loan documents provide that the loan is forgiven on the death of the borrower, her death does not affect your liability under the guarantee.

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Answered on 8/15/12, 7:17 am

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