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 The Weiss Law Group

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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