Legal Question in Bankruptcy in Florida

loss of income

i cosigned for a cxar for my son. He has lost his job. And wants to give the car back as voluntaryt repossesion. is this possinle?


Asked on 5/23/09, 11:58 pm

1 Answer from Attorneys
Thomas Rosenblum Rosenblum Law Offices

Re: loss of income

Yes, he can voluntarily return the car. Of course, if you are a co-signer, the creditor may come after you for collection. Creditor may also want to sue your son for any deficiency (amount they can recover from the sale of the vehicle vs. the amount of the debt owed. Good luck. If my office can be of any assistance, give us a call. Tom Rosenblum

Read more
Answered on 5/25/09, 1:32 pm


Related Questions & Answers

More Bankruptcy Law questions and answers in Florida