Legal Question in Bankruptcy in Michigan
Assets
a friend of mine co-signed a car loan for me. she now has bill problems and is considering bankruptcy. my question is this, can she file and my car that she co-signed for be safe?
Asked on 1/24/01, 2:45 pm
1 Answer from Attorneys
Don Darnell
Darnell & Lulgjuraj, P.C.
Re: Assets
If your friend files then she would no longer be liable for the car note if you do not pay. Your relationship with the lender does not change (you keep the car and keep making payments as agreed).
Answered on 3/11/01, 8:24 pm
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