Legal Question in Civil Litigation in Massachusetts

Loan default

I co-sign a loan and the people claimed bankruptcy so I was responsible for paying the loan. Can I bring a claim against them to repay me for covering their loan?


Asked on 2/07/06, 10:33 am

1 Answer from Attorneys
Raymond Kohlman Law Associates

Re: Loan default

Once bankruptcy is filed, all action to collect debt money is stopped. If you are a creditor, you can request that you specifically go forward tyo collect the debt to you, from the bankruptcy court. You also need to contact the creditor agent to file a claim for the amount of money you "signed" for. Massachusetts has 2 sittings for bankruptcy, Boston and Worchester. The main Bankruptcy clerk's office is in Boston.

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Answered on 2/07/06, 11:41 am


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