Q: My father is a cosigner on my car. If I file chapter 7 will it effect him? I want to keep the car. Payments are current.
A: If you plan to keep the car and continue making payments, then your father will not be affected by you filing bankruptcy. However, if you fail to make the payments and they eventually repossess the vehicle then that will negatively impact him since he is equally liable for the debt you have incurred.
A: It will not affect him so long as you keep the car and keep maki g all the payments.
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