RE: REAFFERMATION AGREEMENTS
Get Legal Help Today
Compare Quotes From Top Companies and Save
Secured with SHA-256 Encryption
RE: REAFFERMATION AGREEMENTS
I BAUGHT A CAR AND HAD MY MOM CO-SIGHN FOR ME. MY MOM HAS SINCE CLAIMED BANKRUPCY. SHOULD WE OR SHOULD WE NOT DO THE REAFFERMATION PAPERS? AND IS THIS GOING TO REFLECT MY CREDIT NEGATIVLEY?
Asked on June 16, 2009 under Bankruptcy Law, California
Answers:
MD, Member, California Bar / FreeAdvice Contributing Attorney
Answered 15 years ago | Contributor
You are the primary on the loan. Her co-signing your loan is only to act as surety. She cannnot discharge your debt on her bankruptcy. It doesn't work that way.
IMPORTANT NOTICE: The Answer(s) provided above are for general information only. The attorney providing the answer was not serving as the attorney for the person submitting the question or in any attorney-client relationship with such person. Laws may vary from state to state, and sometimes change. Tiny variations in the facts, or a fact not set forth in a question, often can change a legal outcome or an attorney's conclusion. Although AttorneyPages.com has verified the attorney was admitted to practice law in at least one jurisdiction, he or she may not be authorized to practice law in the jurisdiction referred to in the question, nor is he or she necessarily experienced in the area of the law involved. Unlike the information in the Answer(s) above, upon which you should NOT rely, for personal advice you can rely upon we suggest you retain an attorney to represent you.