Answer: Yes, if you are unable to make the payments on your car, or any other loan, the co-signer becomes liable for the debt.
Labels: bankruptcy
posted by Questions @ 8:27 AM
Posted on Thursday, June 18, 2009
Question: If I refinanced my car loan and had a co-signer and I declare bankruptcy, does the co-signer have to pay for the car?
Answer: Yes, if you are unable to make the payments on your car, or any other loan, the co-signer becomes liable for the debt.
Answer: Yes, if you are unable to make the payments on your car, or any other loan, the co-signer becomes liable for the debt.
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