settlement of account in Ch 13
Date: Sat, 02/11/2012 - 11:40
I was a co-signor on my son's auto loan. He lost his job, and ended up relinquishing the vehicle. The finance company sold the vehicle, telling him/us we still owed about $6000. Subsequently my husband and I filed a Chapter 13, and had to include this account. We have been paying on it for 2 years. My son just received a letter from Asset Acceptance offering a 50% discount if he settled and paid this bill. Can they do this? Does he/we have to pay this?
i would consult with your bankruptcy attorney, but i believe the
i would consult with your bankruptcy attorney, but i believe the other party may be covered under a chapter 13 co debtor stay. this would prevent creditors from collection efforts against co debtors.
