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our current credit is not good, and i good friend offered to help me co-sign for a car. should i wait until after the bankrupcy filing to acquire the car? or before we begin? i currently have no transportation.
forgot to mention...i have been on social security disability since 2007, & i have a student loan with sallie mae but my husband was the cosigner. he told me that the bankrupcy filing will not help cover the loan. the accounts we have together in-name are the cars (3) & the house & timeshare. i dont want to lose the timeshare which i have been paying on-time, & i reside in the house with my daughter(12), & sons(18&20). what is best for me?
I still agree that a BK makes the most sense. Likewise, so long as you keep paying on the house and time share you can keep these debts. You can also acquire a car now and not wait. Your husband is also right about the student loans.
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if I acquire the car before the bankcrupcy, will my friend (co-signer) be affected?
So it is best to acquire the car first, and then file bankcrupcy, right?
YES, that is my advice. I wish you well.
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