Co-Signer On A Discharged Debt

[triksterut]

Hey all,

My friend was co-signer on a car (his mom's). She declared BK and listed the car as a discharged debt. Is he fiscally responsible even if the debt was discharged?

Jeremy

[Minnymouth]

If he is a co-signer on the loan or title yes, they will be around to collect the debt from him, unless she surrendered the vehicle.... and the co-signer will still be responsible for the difference on what the car sells for against what is owed...