Saturday, October 18, 2014

I have an auto loan with my dad as a co signor. I have been making all the payments on time for a year now. I decided I need to file bankrup...

Question

I have an auto loan with my dad as a co signor. I have been making all the payments on time for a year now. I decided I need to file bankruptcy due to a job loss. Would this affect my car loan or my father's credit? I want to keep the car and keep paying on it.



Answer

You can do that through whats called a re-affirmation agreement which generally needs to be approved by your attorney and the court. http://www.anderslawonline.com



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