AboutMark J. Markus- Bankruptcy Attorney Expertise Mark J. Markus is a Los Angeles attorney who has practiced exclusively bankruptcy law in California since 1991 and is BV-rated by Martindale-Hubbell. He represents debtors, creditors, and Trustees in Chapter 7, Chapter 11, and Chapter 13 of the bankruptcy code throughout California.
Experience Visit http://www.bklaw.com for more information on bankruptcy in general and Mark J. Markus in particular. Many questions are answered on the web page (hint, hint). The Markus webpage also contains more information on
Question I'm considering chapter 7 and I'm worried that a motorcycle I bought last year with a co-signer will be forced to be included because it is a recreational item, not a necessity. I will be asking to keep my car. Will my co-signer on the motorcycle be held liable or be affected at any time if the motorcycle is included and discharged in the Chapter 7?
Answer The co-signer is obligated on the debt regardless of whether or not you file bankruptcy. If the payments on the motorcycle are not made, then it will "affect" the cosigner. Whether your obligation on the debt is discharged or not has nothing to do with the cosigner's obligation.
