I co-signed for my son on a signature loan. The loan is for four years. He has made only three payments. The loan was taken out in June 2011. I have been force to pay it because he won' t . What can I do from legal stand point?
Country relating to Question: United States
State (if USA): Louisiana
Other than try talk to him nothing
Welcome! My goal is to do my very best to understand your situation and to provide a full and complete answer for you.
Good afternoon. At this point, someone in your position would want to file a claim directly against the son. Once the suit is filed and ajudgment awarded, you become a judgment creditor and can have the sheriff servea summons on the losing party for a debtor examination. That forces the losingparty to meet the judgment creditor in court and answer questions under oathabout the losing party's assets. After that information is obtained, the judgment creditor has the power to garnish wages, attach bankaccounts, and/or have the sheriff seize other property to satisfy the judgment.
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