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Co-signed car loan

What happens to the co-signer of a car loan I have .The cars value is considerably less then the loan amount. Will I be able to continue making payments on this car loan to keep a vehicle?

One Response to “Co-signed car loan”

  1. Barton Goth, CIRP, Trustee in Bankruptcy says:

    You may be able to arrange this depending on who the lender is. OR alternatively you may want to give the car back prior to filing a bankruptcy as the filing of a bankruptcy would then clear you from the full balance of the loan. However, this really depends on how much more the loan is than the value of the vehicle.

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