Legal Question in Credit and Debt Law in Florida
Over 10yrs ago I cosigned a used car loan for my son.5yrs ago he declared
bankrupcy. Now I am getting calls from a collection agency.
Am I obligated to pay? I am on social disability.
Asked on 9/18/09, 10:06 am
1 Answer from Attorneys
Brent Rose
The Orsini & Rose Law Firm
You are legally obligated to pay, but the statute of limitations has probably passed, so you should have a very strong defense. Also, social security can't be garnished, so, if you have no other assets, there's probably nothing they can do to you. Still, speak to a civil litigation attorney or bankruptcy attorney to make sure you are protected.
Answered on 9/18/09, 1:58 pm