Legal Question in Credit and Debt Law in Illinois

A friend cosigned for a car for her son. Now he is filing for bankrupty and I would like to know what is her responsibility for this loan.


Asked on 3/20/10, 2:32 pm

3 Answers from Attorneys
Thomas Moens Moens Law Offices, Chartered

She will be completely responsible for this loan.

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Answered on 3/25/10, 2:54 pm
Jonathan Shimberg Shimberg and Crohn, P.C.

Son may sign a reaffirmation agreement, but Mom in on the hook when he doesn't pay - that is what co-signing means

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Answered on 3/25/10, 6:11 pm
Frank Vosholler Law Office of Frank L. Vosholler III

She can file bankruptcy too. If she interested please have her contact my office.

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Answered on 3/25/10, 7:25 pm


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