Legal Question in Credit and Debt Law in Texas

Financial Debt

My brother helped my mother to raise her debt to excess of $40,000 dollars, she also cosigned a automobile loan which he defaulted on. After defaulting the auto was sold and a debt of $3000 dollars is still owed. Can I be held responsible for the loan and is there any way I can have the debt applied to my brother?


Asked on 7/09/08, 5:31 pm

1 Answer from Attorneys
TC Langford Langford Law Office

Re: Financial Debt

It is not your debt or responsiblity. If your brother is on the contracts/notes/credit accounts then he is jointly liable. If your mother is incompetent, talk to a lawyer about being appointed guardian of her person and estate. If not, then create some distance between yourself and this situation.

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Answered on 7/10/08, 7:31 am


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