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Difference between revisions of "Co-signing, Guarantees and Joint Debts"
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Co-signing, Guarantees and Joint Debts (view source)
Revision as of 19:35, 12 October 2018
, 19:35, 12 October 2018no edit summary
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== Client problems == | == Client problems == | ||
* Client has been asked to be a “co-signer” for a debt and wants to know what legal responsibilities are involved. | *Client has been asked to be a “co-signer” for a debt and wants to know what legal responsibilities are involved. | ||
* Client co-signed a loan and wants to know their rights because the other party defaulted and the creditor is demanding payment from the client. | *Client co-signed a loan and wants to know their rights because the other party defaulted and the creditor is demanding payment from the client. | ||
* Client and spouse have separated, and the client wants to know what to do about joint debts, such as credit cards. | *Client and spouse have separated, and the client wants to know what to do about joint debts, such as credit cards. | ||
* Client wants you to explain to someone else what it will mean to co-sign a bank loan for the client. | *Client wants you to explain to someone else what it will mean to co-sign a bank loan for the client. | ||
== Summary of the law== | == Summary of the law== | ||