If I have been served with mediation papers for a car that I had repossessed 4 years ago, what can they do to my co signer?
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If I have been served with mediation papers for a car that I had repossessed 4 years ago, what can they do to my co signer?
Asked on April 16, 2012 under Bankruptcy Law, South Carolina
Answers:
M.T.G., Member, New York Bar / FreeAdvice Contributing Attorney
Answered 12 years ago | Contributor
Your co-signer needs to be notified of the mediation as their rights will be effected by the determination made. The co-signer is responsible for the debt just as much as you are - with no added benefits. They can go after him or her for the balance of the loan.
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