Bankruptcy
My daughter is second on a vehicle loan. I''m in bankruptcy. Is she going to be stuck with the loan repayment?
Asked on 3/19/07, 4:57 pm
1 Answer from Attorneys
Rochelle Guznack
Law Offices of Rochelle E. Guznack, PLLC
Re: Bankruptcy
A co-signer on a vehicle loan will be equally liable for payment of the loan. If you file for bankruptcy, your daughter (if she is a co-signer) will be liable for the full amount unless you agree to pay back the loan 100%.
Answered on 3/20/07, 8:26 am
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