Asked in Bankruptcy, Military Law and Divorce for Virginia

Q: I'm military, divorced.I'm the cosigner on a vehicle,she's planning to file bankruptcy.Does that affect my credit?

Can I remove myself from the loan? Are there any military guidelines that protect me? The vehicle was purchased after the start of my service.

1 Lawyer Answer
Matthew Lane Kreitzer
Matthew Lane Kreitzer
  • Bankruptcy Lawyer
  • Winchester, VA
  • Licensed in Virginia

A: You are, unfortunately, still on the hook for the loan until it has been refinanced. Her entering Bankruptcy may very well negatively impact you. The terms of your divorce may aid you in resolving this matter, but you will need to hire Counsel on this one.

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