Legal Question in Bankruptcy in New Jersey

Re: Co-signer obligation

The problem does not appear to me to be the bankruptcy; it appears to me that your problem is as a result of the non-payment of the car debt. She filed bankruptcy and therefore she is no longer obligated. You, as the co-signer, are now obligated on the debt. If you pay it, that should clear up your credit problem. You may think that it is unfair that you are required to pay for your mother's debt. Actually, it is quite fair. The only reason that company gave your mother credit was because of your good credit and the fact that you stated, by signing the guaranty, that you would pay if she did not. That day has now come. Keep in mind that this advice is based purely on the little bit of information that you have given to me. There certainly may be other factors that would change my opinion. Further, no one can rely on advice from an attorney who has not been retained. Since it appears that you have not retained an attorney, you may want to contact an attorney (either me or someone else) to discuss your matter in more detail. Only then will you be able to rely on the advice. I will be happy to assist you. However, you need to call me at 856-546-8010. Mention Law Guru and your first consultation is free. Good luck! Rob Gleaner