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Re:Reaffirm a cosigner obligation to pass means test?
Jeff:
I assume you are discussing the car loan - original message was not
attached. Guaranty is not unusual at all. Guarantor does NOT need to be
co-owner - and usually isn't. This is an unsecured debt for guarantor and a
secured debt for owner. It would be difficult to persuade most of our
Judges to permit reaffirmation of an UNSECURED debt.
David A. Tilem
Certified Bankruptcy Specialist*
Law Offices of David A. Tilem (a debt relief agency)
206 N. Jackson Street, #201, Glendale, CA 91206
Tel: 818-507-6000 Fax: 818-507-6800
* Bankruptcy specialist cert. by State Bar of CA Bd of Legal
Specialization.
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Are you saying she is a co-signer, but not a co-owner? Seems odd. If she
owns it, and is obligated on the loan, she gets the ownership expense, as
far as I can tell. Anyone diasagree?
-Jeffrey B. Smith
CURD, GALINDO & SMITH, L.L.P.
301 East Ocean Blvd. #1700
Long Beach, CA 90802
(562) 624-1177
(562) 624-1178 fax
(310) 993-6560 cellular
The post was migrated from Yahoo.