Legal Question in Family Law in Minnesota
My dad recently took out 10,000 federal plus direct loan for me, However, he wants a document stating that I will be responsible repay the loan. Which document is appropriate for this situation?
2 Answers from Attorneys
I am afraid that the document will have no effect with regard to the rights of the creditor. If your father is a debtor or guarantor, the debt can be collected against him regardless of any agreement to repay the debt that you may have with im. However, you can certainly enter into an agreement with your father that is enforceable between the two of you as a promissory note.
You and your father may make a private written agreement as to ('as between') you and him. Tricia Dwyer Esq phone 612-296-9666 Tricia Dwyer Esq & Assoc PLLC http://DWYERLAWFIRM.net
Related Questions & Answers
Looking for something else?
10,200 active attorneys ready to answer your legal questions today.
Featured Attorneys
Earn additional revenue and grow your business.
