Legal Question in Credit and Debt Law in Pennsylvania

Co signed a loan for my nephew
cosigned a loan for a tractor trailer for my nephew. He dsefaulted on the loan and the bank took a $45,000.00 CD.
My nephew paid me $300.00 a week for 3 weeks and then the truck broke down, and he parked it and started selling parts off of it for his crack habit.
He now is driving a pickup truck that he paid over $30,000.00 for and bought a new harley.
He also took over the morgage on his parents house and threw his mother and wife and kids out.
Over thge last 3 or 4 years he's paid aound $2,600.00 dollars and n the past year about $100.00
He now disconected the phone and uses a cell phone witch I can't get the number
The money the bank took came from a setlement I recieved because of an accident had that left me paralyzed from the waist down.
I also lost $200.00 a month the CD was paying
Is there anything can do?
Please help

Asked on 2/04/08, 5:26 pm

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Re: Co signed a loan for my nephew

There was a contract, he breached it. Sue him. He sounds like a piece of human crap - WHY did you co-sign for him?

Answered on 2/04/08, 8:04 pm

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