My mom is the primary signer on my car and I’m the co-signer, what will happen if she files bankruptcy and I’ve been making the payments on time?

Asked on July 31, 2012 under Bankruptcy Law, California


Terence Fenelon / Law Offices of Terence Fenelon

Answered 8 years ago | Contributor


Assuming that you continue to make timely payments, upon completion of the obligation, you should suffer no ramifications.  You didn't mention whose name the car is titled in.  If in you mom's, she would have to list the car as an asset and you as a co-debtor in her bankruptcy schedules.  It is doubtful, assuming that the car has equity, that a trustee would take action on the car if you can establish that you have made the payments.  When the debt is retired, I am also assuming that your mother wwould convey the title to you.

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