Legal Question in Credit and Debt Law in Maryland

I co signed a vehicle for my brother in 2002. The vehicle was repo"d in 2004 and my brother filed bankruptcy shortly afterward. I was not notified of the vehicle being repo'd until after my brother filed bankruptcy. I now have have my bank account frozen twice due to this without notification from anyone and I have tried to make payment arrangements with the law firm handling the debt. I would like to know what if anything can I do to have my account released and get my money back? This isn't even my debt but I tried to pay it back because I was told that it became mine once my brother filed bankruptcy. Please advise


Asked on 1/27/11, 10:12 pm

1 Answer from Attorneys
Phillip M. Cook Cook Legal Services, LLC

When you co-sign, you have no rights. You simply become another party the lender can go after. Sorry. No notice necessary to garnish your accounts. NEVER, NEVER, NEVER co-sign. Your brother, and not the lender, has screwed you.

Best of luck.******The above is for informational purposes and does not create an attorney-client privilege.********

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Answered on 1/29/11, 10:45 pm


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