Legal Question in Credit and Debt Law in Texas
Vehicle repossessed after divorce
Husband and I divorced. I had co-signed on a vehicle loan 3 years earlier. He was given this note and the vehicle in the divorce decree. He quit paying on vehicle note and it was repossessed and auctioned off. Now the loan company is trying to come after me for the deficiency since they can't find him. I do not have the money to pay. Am I liable for this even though he got the note and vehicle in the divorce decree? What should I do?
Asked on 3/02/08, 8:12 pm
1 Answer from Attorneys
James Grissom
Law Office of James P. Grissom
Re: Vehicle repossessed after divorce
You are responsible to pay. The loan company was not a party in your divorce and did not release you from your obligation to pay. You could file a motion for contempt against him if he has the money. Good Luck.
Answered on 3/02/08, 8:57 pm