How JustAnswer Works:
  • Ask an Expert
    Experts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
  • Get a Professional Answer
    Via email, text message, or notification as you wait on our site.
    Ask follow up questions if you need to.
  • 100% Satisfaction Guarantee
    Rate the answer you receive.
Ask WALLSTREETESQ Your Own Question
WALLSTREETESQ
WALLSTREETESQ, Attorney
Category: Bankruptcy Law
Satisfied Customers: 17080
Experience:  14 years exp., CH 7 AND 13 Bankruptcy cases, AFL-CIO UNION PLUS, UFT NYSID AND ALL MAJOR UNIONS
16356563
Type Your Bankruptcy Law Question Here...
WALLSTREETESQ is online now
A new question is answered every 9 seconds

My dad co-signed for a car loan for me and now has filed chapter

Customer Question

My dad co-signed for a car loan for me and now has filed chapter 7 bankruptcy. I have made every payment on this loan and am now less than a year from payoff. I do not want to lose my car. Will his bankruptcy affect ME and the car loan?? I live in Oregon.
Submitted: 6 years ago.
Category: Bankruptcy Law
Expert:  WALLSTREETESQ replied 6 years ago.
he can reaffirm the car, in his bankrutpcy case, which means he will keep it, and make the payments outside the bankruptcy, make sure he does that, it is very simple to do, if not, the car note would be discharged, on him, and possibly the vehcile would be returned. But in most cases the car company will allow you to keep it if you pay, but do not take a chance.
WALLSTREETESQ and 2 other Bankruptcy Law Specialists are ready to help you
Customer: replied 6 years ago.
He is being represented by an attorney in his case. Do I need to be at the hearing to make sure I don't lose my car or because my dad is 1st on the loan, it is his responsibility to get this reaffirmed?
Expert:  WALLSTREETESQ replied 6 years ago.
call your father make sure his attorney reaffirmed the car, if not make sure it is, it would apper in the statement of intention.

Related Bankruptcy Law Questions