Legal Question in Bankruptcy in California

Co-signer on car but filing

I am filing for bankruptcy. My father bought a car for me that I am the co-signer on and make the payments. I am still making payments and want to keep the car. Where do I include this on my forms and do I have to include my father as a co-debtor? I have no idea on how to go about this? I need to know what to do exactly. What schedules to put things on etc.


Asked on 9/05/03, 1:48 am

2 Answers from Attorneys
Robert F. Cohen Law Office of Robert F. Cohen

Re: Co-signer on car but filing

List the car on schedules B, C, D and the non-security interest, if any, on F. List your father as a co-debtor on H. You also must list it on your statement of intentions, as well as in your statement of financial affairs if you paid the creditor more than $600 in the past 180 days. Your bankruptcy likely will be reflected on your father's credit report, and the lender likely will require him to continue paying.

Read more
Answered on 9/05/03, 2:04 am
Alvin Tenner Law Office of Alvin G. Tenner

Re: Co-signer on car but filing

Cohen gave the best advice.

Read more
Answered on 9/05/03, 1:49 pm


Related Questions & Answers

More Bankruptcy Law questions and answers in California