Chapter 13 cosigner on a loan
Date: Wed, 06/29/2011 - 17:53
Is there anyway to have that removed? My lawyer isnt' answering me. It has destroyed her credit.
Thank you
As the debt was included in the bankruptcy filing, it will be me
As the debt was included in the bankruptcy filing, it will be mentioned in your mother???s credit report. However, it won???t affect her credit scores in any way. Moreover, she won???t face any issues in qualifying for any kind of credit or loan. I don???t think she will be able to remove the item from her credit report.
I would agree with Anna as such sounds plausible (not too famili
I would agree with Anna as such sounds plausible (not too familiar with credit reporting issues) but I just wanted to point out that such would apply only if the account is being paid as required by either you or mom.
If the account is not being paid the lender may go after mom since she is also responsible and, presumably, has not filed bk.
Edt: Since you are in a 13, payment would only be allowed by you if provided for payment of this co-signed consumer debt through the Plan purusant to 11 USC 1301. Did you? If not and mom is not paying then, once the creditor gets relief from the co-debtor stay the creditor will go after mom for payment. You need to verify that the Plan pays the claim IN FULL.
Des.
