Legal Question in Civil Rights Law in Nebraska

Legal Obligation

I have lived with my boyfriend for over a year. I got a motorcylce loan for him a year ago. The loan is in my name only. The title is in both of our names ( mine then and or his) Now we find ourselves at the end of our relationship. My desire is to get out from the loan- and I do have some emails from him indicating he attempted to get a loan and can not. however now he is refusing to allow me to sell the bike. If he can not get a loan do I have to settle for him committing to make the payments?


Asked on 3/10/08, 11:10 am

1 Answer from Attorneys
Vivek Mapara Vivek N. Mapara

Re: Legal Obligation

Since the loan is in your name, then it is primary your sole responsibility to repay the loan. However if u dont pay loan, then the company can seize the vehicle and get the remaining amount realize by auctioning the vehicle, in that case, you will be relieved form your responsibility, and you will also get surplus amount after realization.

But before doing so, you contact an recognized valuer, to estimate the value of bike, and then write to the loan company, regading your incapability of making payment.

Before taking any action, your are advise, to contact your local attorney.

Feel free to contact

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Answered on 3/10/08, 11:38 am


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