QUESTION
There was a person that I co-signed for they filed bankruptcy an d left me holding the bag can I file and get this off my back?
Asked on Sep 05th, 2012 on Bankruptcy - New York
14 ANSWERS
General Practice Attorney serving Crystal Lake, IL
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Bruning & Associates, P.C.
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It is possible that you can file for bankruptcy to get this obligation discharged. It does depend on the type of debt involved. You should meet with an attorney to go over all of your circumstances, including, debts, income, expenses, and assets, to determine if you are eligible.
Answered on Sep 11th, 2012 at 12:03 PM
Workers Compensation Attorney serving Independence, MO
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Law Office of Nancy L. Jackson LLC
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Assuming that you meet certain qualifications that everyone must meet with regard to bankruptcy filing, yes, you would also be able to discharge the debt.
Answered on Sep 11th, 2012 at 12:01 PM
Criminal Law Attorney serving Fremont, CA
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Steven J. Alpers, A Professional Corporation
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It depends on your financial position. You need a lawyer.
Answered on Sep 10th, 2012 at 1:12 PM
Bankruptcy may be a good solution for you, too.
Answered on Sep 09th, 2012 at 3:08 PM
Yes. Most debts that arise from a debtor being a cosigner can be discharged in bankruptcy.
Answered on Sep 09th, 2012 at 2:57 PM
Bankruptcy Law Attorney serving Livingston, NJ
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Law Office of Stuart M. Nachbar, P.C.
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Provided it is not a student loan, yes, if you qualify Contact a bankruptcy attorney in your area.
Answered on Sep 09th, 2012 at 2:56 PM
Bankruptcy Attorney serving Upper Lake, CA
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Edwin M. Riddle
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Yes, depending on your assets and income, among other things; you'll need to discuss the qualifications for BK with an experienced BK attorney.
Answered on Sep 09th, 2012 at 2:55 PM
Bankruptcy Attorney serving Phoenix, AZ
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Law Office of D. L. Drain, P.A.
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Most likely, yes. Please understand that filing for bankruptcy is a very complicated process. It is wise to talk to an experienced bankruptcy attorney before deciding to take this important step. Most Arizona bankruptcy attorneys offer a free consultation about the basics of bankruptcy.
Answered on Sep 09th, 2012 at 2:25 PM
Yes, depending on whether you have filed before, and if so, when you filed. There may be other options you should consider as well... Negotiating a settlement.
Answered on Sep 09th, 2012 at 1:57 PM
Chapter 7 Bankruptcy Attorney serving Milwaukee, WI
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Law Offices of Deborah A. Stencel
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Nothing prevents a co-signer left holding the bag from filing a bankruptcy as well. You simply must qualify for bankruptcy under the usual rules.
Answered on Sep 09th, 2012 at 10:42 AM
Criminal Defense Attorney serving Deltona, FL
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R. Jason de Groot, P.A.
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Sure, if you qualify to file bankruptcy.
Answered on Sep 09th, 2012 at 10:42 AM
Yes but depends what you have co-signed and whether the debts is dischargeable or not.
Answered on Sep 09th, 2012 at 9:40 AM
Chapter 7 Bankruptcy Attorney serving San Francisco, CA
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Bertrand, Fox & Elliot
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Yes, if you are responsible for an unsecured debt, you can file bankruptcy to extinguish your liability. Consult an experienced bankruptcy attorney to determine if you qualify.
Answered on Sep 09th, 2012 at 9:34 AM
Bankruptcy & Debt Attorney serving Syracuse, NY
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Theodore Lyons Araujo
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Their bankruptcy will not affect your liability for the debt.
Answered on Sep 09th, 2012 at 9:27 AM