Legal Question in Credit and Debt Law in Illinois

Co-signing

Hi.

I co-signed the purchase of a vehicle for a family member. The member is the driver of the vehicle, paying the car note and insurance. The member has now had an accident, and is showing hesitation in fulfilling the responsibility.

How can I get my name off of this car? It is not benefitting me at all, and yet I'm the one who could be most negatively affected my this...I filed Chapt 7 Bankruptcy, discharged January. Is there anything I can do?

Thank you :)


Asked on 7/11/05, 1:22 pm

1 Answer from Attorneys
Kevin Plachta The Law Office of Kevin F. Plachta

Re: Co-signing

If you signed the promissory note then there is no way to take your name off of the account. So you need to review all the documents you signed at the time the car was purchased

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Answered on 7/11/05, 10:12 pm


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