Re:Reaffirm a cosigner obligation to pass means test?
Posted: Wed Mar 18, 2009 6:08 pm
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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