Legal Question in Bankruptcy in Michigan
I am a co signer on a loan and the main applicant filed chapter 7 bankruptcy. How does this effect me
Asked on 10/18/11, 8:23 am
1 Answer from Attorneys
Thomas R. Morris
Silverman & Morris, P.L.L.C.
The primary effect will be that the creditor may be entitled to look to you for payment. If the debtor who filed the 7 receives a discharge, think of it as though that debtor's name were crossed out on the loan documents, leaving only you.
This answer is for discussion purposes and is not intended as legal advice.
Answered on 10/18/11, 8:27 am
Related Questions & Answers
-
I have a car loan that was put in my mother in-laws name with me as a cosigner,... Asked 10/18/11, 7:31 am in United States Michigan Bankruptcy Law
-
Can i be sued for my dr bills that were billed and cleared through my husbands... Asked 10/17/11, 2:30 pm in United States Michigan Bankruptcy Law
-
I filed for chapter 7 bankruptcy and was discharged in April of 2010. I reaffirmed... Asked 8/10/11, 12:05 pm in United States Michigan Bankruptcy Law
-
I hold a land contract on a piece of property, and i expect the buyer to file... Asked 7/14/11, 2:00 pm in United States Michigan Bankruptcy Law
Looking for something else?
10,200 active attorneys ready to answer your legal questions today.
Featured Attorneys
Earn additional revenue and grow your business.
