QUESTION
Can a finance company force you in bankruptcy to save your credit?
Asked on Feb 01st, 2017 on Bankruptcy - Nevada
More details to this question:
The cosigner has taken the vehicle to another state and is not paying for it. I signed the contract.
3 ANSWERS
I don't understand the question. If you are on the debt, they can come after you for the obligation. You have claims against the co-signor. Talk to a lawyer face to face to flush this out.
Answered on Apr 04th, 2017 at 8:33 AM
Bankruptcy is not going to save your credit. Creditors can force you into a bankruptcy, but it will take 3 of them working together to file an involuntary bankruptcy against you. This seldom happens though. Sounds like you need legal advice.
Answered on Apr 04th, 2017 at 8:32 AM
Commercial & Bankruptcy Law Attorney serving Powell, OH
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Ronald K. Nims
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While your creditors could force you into bankruptcy, it's not likely. Most involuntary bankruptcies involve businesses not individuals.
Answered on Apr 04th, 2017 at 8:32 AM