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 11 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.


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