Legal Question in Credit and Debt Law in California
cosigned on car loan
I cosigned while married, now divorced, am I still liable?
1 Answer from Attorneys
Re: cosigned on car loan
Yes, unless you joined the creditor into your divorce proceeding, and had a judge declare that you were no longer responsible for that debt. The key here is that the only way your divorce decree, pressumably giving your ex-spouse that debt to repay, can be binding on third-parties such as creditors, is to have them joined into the actual divorce proceeding. Its extremely rare that people do so.
*Due to the limitations of the LawGuru Forums, The Gibbs Law Firm, APC's (the "Firm") participation in responding to questions posted herein does not constitute legal advice, nor legal representation of the person or entity posting a question. No Attorney/Client relationship is or shall be construed to be created hereby. The information provided is general and requires that the poster obtain specific legal advice from an attorney. The poster shall not rely upon the information provided herein as legal advice nor as the basis for making any decisions of legal consequence.