I co-signed on an auto loan the other party had an accident in the car(the car was totaled,he had no insurance) the car was voluntarily repoed. I am now making the payments so they would not garnish my wages. Will I continue to be liable for this debt if he files bankruptcy? Is there anything I can do to get my money back from the other party once the debt is satisfied.
133270
YES, sad to say, but when u co-sign u have just as much ownership if not responsibility for the vehicle...once they fire bankruptcy that will also go on YOUR record...you wont have to pay for the car any longer, but ur credit will drop dramatically.
558416
Unless you are willing to sabotage your own credit by not paying, then it will appear as paid as agreed on her credit report...you can do nothing besides pay. However...if you take her to court to force her to pay you then not only will she be forced to repay what she owes (directly to you...you will have to continue paying the loans yourself, but you can use the money she pays you) but the judgment against her will appear in her credit report and will negatively affect her credit rating...and if she doesn't pay then she will have to face the possibility of contempt of court, wage garnishment, and liens when you enforce the order...good luck.
579663
Contact a personal injury lawyer.  Most charge a contingency fee - that is a percentage of what you make on the claim.  The usual amount is about 20-30% of the verdict.  On the plus side. they only make money if you win the case.\n\nThey can also help stave off creditors until the matter is resolved and you are back on your feet again.
296049
You are pretty much out of luck since it is a garnishment; that is a last-resort method to get you to pay a debt of some sort.  The garnishment will not removed until the debt is repaid.  You might call a credit counseling service or a bankruptcy attorney (consultation is usually free) and ask if it is possible to have the amount garnished from your paycheck each pay period reduced, although that means you will be paying off the debt for a longer period of time.  You might also get a second job - if you do yardwork, babysitting, etc. you would be paid in cash....not that anyone would EVER suggest you not report that income, of course...
71900
there are laws protecting you to a point. The bank wants their money and they would rather you pay the entire load and not go into bankruptcy. So talk to them, ask them if you can add small payment onto the load.\n\nSeek advice from an accountant/lawyer.
31892
Not sure how you can get paid if neither of you had insurance.  But my best advise is to contact an attorney.  I know attorney's charge a fee, but you may want to check out www.allexperts.com and find an accident attorney on that site and ask them the same question.  It is a free site and you can find experts in almost anything there.  I use it myself.\n\nGood luck and I hope you can find an attorney on allexperts.com.
540182
Car loan companies usually wait until you miss three payments before they come and get your car.\n\nYou can try and take some sort of legal action, but your car will be gone before anything gets resolved. I would get the money together and pay the loan company and the repossession  folks soonest................
607389
I had a judgement filed against me. I paid the debt. I am now in the process of debt recovery. I did find out that when they file a judgement, you can call the lawyer in charge of the action and talk to them about debt repayment. The interest didn't mount up either after the judgement was filed. The only draw back is that they keep it on file for the next 6 years after the debt is satisfied
134820
Depends on the state laws.\n\nHere in Georgia where I do collections, the only way around it is if they didn't properly notify him when it was repoed and after it was sold. It also has to be sold in a commercially reasonable manner but the auction constitutes a public sale so that doesn't provide an "out".\n\nHe can either file bankruptcy (it will be on his credit for 10 years), work out payment arrangements with the creditor, or do nothing and probably be sued and have his wages garnished or worse.  \n\nIt may also be possible to "settle" the debt with the creditor for less than he owes but if they are willing to settle make sure he gets everything in writing so they don't come back later trying to get more.
75417
First of all, I am NOT a lawyer, just a student.  But ironically enough we just covered this topic in class.  Once you have the judgement, you can either garnish their wages (won't work for you cause he quit his job) or go after their property.  The problem is what property do they own?  You need to know this before you can get a judgement to have it sold.  You can apply to the courts for a discovery so that the defendant is compelled to disclose all of his/her assets and the judge can then make an application on the spot for those assets to be liqidated to satisfy the debt.  You can also do a search with the local registry to see if he/she own a vehicle and make an order to have that sold or transfered to your name.  Hopefully this helps....
364745
The car that rear ended you has insurance. If it was considered by the cars insurance company that you had caused the accident by driving unlawfully or what ever it is reasonable to ask why the insurance company are not requiring you to pay for the damage to the car that rearended you I would be seeking advice from a solicitor it seems like they are bluffing you.
350960
They will make both of them pay for the car but she can file bankruptcy and include the car as part of the bankruptcy.  The trustee will tell her how much to pay on all of her bills.  She will then send the payment to the trustee and they will distribute the payment amongst all of her creditors.  Good luck.
68801
Fortunately, tax liability doesn't have anything to do with legal culpability. If your son is over 18 and not mentally or physically handicapped (prior to the accident) to the point that he is incapable of providing for himself, you should not bear any financial responsibility for his actions. That said, anyone can sue anyone for anything. If an insurance agency or private party tries to get you to pay or bills you at all, get a lawyer... fast. And don't pay anything at ALL with your check or in person. That can be construed (by greedy lawyers) as you taking financial responsibility for the accident.
667900
You may sue either or both, sue the one nearest you. If he want to redeem any money from the loss of his suit with you he will have to sue his partner. You may add the company to the suit if you like.\n\nTake any and all items you need to prove your claim, to include any person you want to testify in your behalf.\n\nIf you win the case, you must then find a way to collect your money i if he refuse to pay or don't have the funds to pay you. \n\nThere are companies that will do the collection for you for a percentage of the total debt.\n\nYou can also garnish his wages if he has a job or you may place a lien against his home if he has a home.\n\nI hope this has been of some use to you, good luck.\n\n"FIGHT ON"
563948
I work for the bankruptcy court. You 'screwed' up in terms of filing. You should've filed 6 months ago before the law changed. If you try to file now, you will not necessarily be dismissed of your debts. Why not get rid of one or both cars? do you need 2 cars. Sell one. And use that $$ to pare down your debt. Also, consolidate your credit into onw low interest loan/credit. Remember if you file now, it is going to cost you a lot of $$$$ with no guarantees. Bankruptcy will really screw your credit report. Good luck. This may not be ideal--but I re-financed my a$$ off to pay off me debt. I sold a Benz that I didn't need. We're all weak...
363669
PRO\n\ncollection agencies and lawyers can't contact you anymore - no more annoying calls, calls at work, garnished wages, etc.\n\nyou get a fresh start and can start building good credit right away, right after the bankruptcy is done\n\nyou can avoid repossessions of car, property, etc.\n\nmore businesses are being understanding now of people who have declared bankruptcy, and are more willing than in the past to give credit to you.  It will start small of course, but you can probably still get a car loan, even a low-limit credit card.\n\nCON\n\nlooks bad on your credit report - which can affect not only getting credit/loans, but also getting a home loan, getting an apartment, getting a job, etc.  \n\nstays on your credit report for at least 7 years\n\nit's harder to do now than it used to be, because laws have been passed to try to keep people from declaring bankruptcy - now they might make you pay some of it back, they make you take classes and try credit counseling first, etc.\n\nit costs at least 800 bucks for the lawyer/legal fees\n\nany loan you get will have very high interest rates\n\n\n\np.s. One more thing I forgot - be VERY careful with "debt management" services.  The ones that don't charge a fee like cccs (see answer below) are okay, but the ones that advertise online or on TV - some of these are scams, or end up taking a lot of your money, or your house.  Shop around, ask the better business bureau who the good ones are if you decide to call a company for help in debt management.
177914
Pretty good question.  You might consider this as well, if you have a long (inactive) debt on your record, there may be a line item on your credit report from that company as well indicating that you defaulted.  The ammount may not have been worth their effort to try to collect, but that entry on the credit report may also have an effect on your credit score.  On the other side, it may not be worth your effort to pay the back debt and get the company to resolve the credit issue.  On a third side, you should always pay off your debt as soon as possible just because it is the right thing to due.\n\nRomans 13:8 - Let no debt remain outstanding, except the continuing debt to love one another, for he who loves his fellowman has fulfilled the law.