Co-signed truck

May 23rd, 2012 by Questions

I bought a new truck and had my brother co-sign for me.. he is now about to declare bankruptcy. what will happen to my truck? I have three and over the past 7 years I have NEVER missed a payment. will they take my truck or make me pay it out? or can I continue with my payments?

Posted from: British Columbia


One Response to “Co-signed truck”

, A licensed trustee said:

Give the finance company that holds the loan for the truck a call and explain to them what his happening – unless there is something wrong with your own credit situation, they should allow you to continue making payments and keep the truck. Call them and ask…

Please post a follow up comment below:

(Note: comments are reviewed by moderators and then posted after approval. In addition, due to high volume some of the comments might not be posted.)