Legal Question in Credit and Debt Law in New York

Re: cosigned car reposession

They can come after you for FULL amount as you are jointly and individually liable for debt.

You can try and negotiate the balance but make sure if you do that you get a full release from them.

Re: cosigned car reposession

It appears that You are responsible for the full debt amount.

Consider filing for bankruptcy to get rid of the debt.

Jacob Silver

Attorney At Law

26 Court Street

Suite - 2511

Brooklyn, NY 11242

[email protected]

http://www.silverbankruptcy.com

Re: cosigned car reposession

YOu are liable for the full debt, as a co-signer. While there are some options such as bankruptcy, such an option can seriously affect every other aspect of your current financial situation and should only be considered in extreme circumstances. I have negotiated cases EXACTLY like this where debts were as high as $20,000 and settled for about $3,000... such an agreement would not affect your credit rating and also, predominantly not affect other aspects of your financial life and future in any negative manner.

I would consider contacting an attorney experienced in these negotiations and attempting to settle, you can then subsequently sue the original borrower in court to atleats try and get a portion of the money back...

please feel free to give me a call regarding this matter.

Carlos Gonzalez, Esq.

7185419077