Results 1 to 2 of 2
  1. #1

    Default Cosigner Being Forced to Declare Bankruptcy

    My question involves bankruptcy in the state of:

    What will happen to me coz i've been declare bankruptcy. Well the story is. i become a guarantor years ago to a friend of mine. $60000 was the amount that my friend load. My friend has been MIA or even flee out out the country. Now i receive a call that state im to be declare bankruptcy. What are my option. What will happen to my asset.

  2. #2
    Join Date
    Sep 2005
    Behind a Desk

    Default Re: Cosigner Being Forced to Declare Bankruptcy

    Although there is such a thing as an involuntary bankruptcy initiated by a creditor, such proceedings are very rare.....

    Are you in the United States?

    Who supposedly called you about the bankruptcy and exactly what did they say? You may, for example, have misinterpreted what you were told by a bill collector.

    What type of loan is this (e.g., is it a guaranteed student loan) and how long ago did default occur?

    1. Sponsored Links

Similar Threads

  1. Chapter 7: My Ex is Defaulting on a Joint Mortgage - Should I Declare Bankruptcy
    By Shipperz in forum Bankruptcy Law
    Replies: 3
    Last Post: 08-30-2012, 03:02 PM
  2. Chapter 7: How to Declare Bankruptcy Without My Wife Finding Out
    By scottyb in forum Bankruptcy Law
    Replies: 2
    Last Post: 08-28-2012, 07:17 AM
  3. Chapter 7: Can You Declare Chapter 7 Bankruptcy During Trial
    By bankruptcylaw in forum Bankruptcy Law
    Replies: 1
    Last Post: 08-23-2009, 12:44 PM
  4. Compensation and Overtime: Boss Owes Me Money and May Declare Bankruptcy - How Do I Get Paid
    By RunawayTrain911 in forum Employment and Labor
    Replies: 1
    Last Post: 05-01-2009, 07:04 PM
  5. Bankruptcy Issues: Ex About To Declare Bankruptcy
    By texone in forum Bankruptcy Law
    Replies: 5
    Last Post: 04-06-2008, 01:27 PM
Sponsored Links

Legal Help, Information and Resources