Legal Question in Credit and Debt Law in California

car loan

if i had a car repossed and my grandmother co sighned for the car but now they say they are going to garnish my wages if i dont pay them can they do that and can i claim bankruptcy what would happen to my grandmother


Asked on 2/07/08, 3:06 pm

1 Answer from Attorneys
Linda Klinger Klinger Law Center

Re: car loan

Your Grandmother will be held liable for the debt as a co-signer. If you declare bankruptcy the car is a secured debt which you will either have to surrender, claim as exempt, or try to continue to pay for. You should consult a bankruptcy attorney if you are considering bankruptcy, and you may want to try to work something out with your loan holder.

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Answered on 2/07/08, 3:30 pm


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