If my daughter's student loans were "reassigned" by her lender after she filed for bankruptcy, is this legal since student loans are non-dischargeable?
Question Details:
I co-signed on the loans over 10 years ago. If student loans are not dischargeable, why would this institution place "ownership" on me? They apparently did not receive good legal advice before proceeding with the filing.
Mark J. Markus / Mark J. Markus, Law Offices Of
Answered 2 years ago
This attorney is licensed in California
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Not sure I understand your question. If you co-signed on the loans, you are obligated for their payment. Period. I don't know what you mean about them placing "ownership" on you. If your daughter defaults on the payment, they have an absolute right to come after you for the payment. That's the entire reason for having a co-signer.
