QUESTION
What can I do when the other party refuses to cooperate?
Asked on Jan 28th, 2013 on Contracts - Nevada
More details to this question:
I co-sign for a car,I want my name to be removed but the other party refuses to go to the dealership with me and refinance the car. The other party as well owes me $500 for an insurance deductible. How can I handle this situation in a legal matter?
1 ANSWER
R. Christopher Reade
This is a typical problem which parties who co-sign encounter. The answer lies in what was the agreement as between you and your co-party. If you have agreed to be mutually liable for a debt, then there is no legal rigth per se to be removed from the debt just because you can no longer get along. You may wish to seek judicial intervention for a declaratory judgment regarding what each of you are responsible to do in relation to the debt; however such a process is an expensive way to simply resolve a difference of opinion.
Answered on Jan 30th, 2013 at 4:00 PM