Legal Question in Bankruptcy in New York

Bankruptcy

If I cosigned a mortgage loan for a friend, and I am planning on filing bankruptcy, can I petition the court to remove my name from this loan?


Asked on 6/25/09, 5:42 pm

1 Answer from Attorneys
Craig Robins Law Offices of Craig D. Robins (www.BankruptcyCanHelp.com)

Re: Bankruptcy

Assuming that you are filing for Chapter 7 bankruptcy relief, your obligation on the mortgage will be automatically eliminated once the court grants your discharge.

You would not have to take any additional action in the bankruptcy proceeding.

For more information about bankruptcy in New York, please see my website:

www.BankruptcyCanHelp.com

or my bankruptcy blog:

www.LongIslandBankruptcyBlog.com

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Answered on 6/25/09, 6:20 pm


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