I have a cc in my business name (LLC). I will include this cc when I file ch 13 but the LLC will be considered the same as a cosigner. So my question is:
How is a cosigner handled in ch 13? The bank will be receiving a payment from the trustee but it is not 100% payback so how can the bank determine what the cosigner owes before the 13 is finished? Does the bank ask the cosigner to make the full payments and not file a claim in the 13?
Has anyone on here ever had this sort of problem? I dont see how the bank can force me to make a payment through the LLC when they are receiving a payment through the ch 13.
All responses are appreciated.
How is a cosigner handled in ch 13? The bank will be receiving a payment from the trustee but it is not 100% payback so how can the bank determine what the cosigner owes before the 13 is finished? Does the bank ask the cosigner to make the full payments and not file a claim in the 13?
Has anyone on here ever had this sort of problem? I dont see how the bank can force me to make a payment through the LLC when they are receiving a payment through the ch 13.
All responses are appreciated.