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My mom is the co-signor on my car and filed bankrupcty. I am still going to pay the car loan. I just want to know should we sign the Reaffirmation papers or should I not and just continue to pay without signing them? Also is there going to be a bankruptcy tied to my name in anyway now?
Asked on June 17, 2009 under Bankruptcy Law, California
MD, Member, California Bar / FreeAdvice Contributing Attorney
Answered 12 years ago | Contributor
Huh? Your mom is a co-signor. This is YOUR car loan -- what does her bankruptcy have anything to do you with your primary obligation to pay it?
You owe on your car -- a co-signor is merely a surety. This means if you cannot pay, she must. This is not her debt, it is yours.
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