Legal Question in Bankruptcy in Pennsylvania

Re: Ex-fiance fileing bankruptcy - is a cosigner to car loan

Short answer -- if the ex-fianc�e files bankruptcy it will have effects on the car loan.

It is likely the car finance company will not make an issue of this. What in effect will happen if and when the ex files is his liability as cosigner will be eliminated in the bankruptcy case. However, I believe if your daughter simply continues to make all payments in a timely fashion she will keep the car without any difficulties. There is the slight chance that the car finance company would attempt to have your daughter apply to refinance in her sole name. If she has been making payments for a substantial amount of time then she should qualify to refinance without any cosigner.