Legal Question in Bankruptcy in Ohio
Automobie Lease Maturity
My wife's leased car is up at the end of Feb. She leased this before we were married and had her mom co-sign this. Her mom is filing bankruptcy. My wife is over the allowed miles and does not have the money to pay for the fees. He credit is already really bad. If she just turns this in and walks away, can the leasing company come after me since we are now married? Also will this be taken care of by bankruptcy?
1 Answer from Attorneys
Re: Automobie Lease Maturity
Thank you for contacting the LawGuru!
To answer your questions, no, if you did not sign the lease, they cannot come after you. If your wife walks away from the lease, they can come after her for the balance due, including excess mileage fees. If your wife's mom files for bankruptcy, the leasing company will not be able to go after your wife's mom, because she will be discharging the debt in bankruptcy; but the leasing company can still go after your wife because she is still personally liable for the lease.
If you wife files for bankruptcy, she may be able to discharge the obligation on the lease, as well as most of her other debts. You can contact our office to set up a consultation to discuss the financial situation and see if bankruptcy is an option for her.
Thank you!
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