What to do if a collection company is coming after me for my ex-husbands car loan?

What to do if a collection company is coming after me for my ex-husbands car loan?

I have been divorced for 3 years. In the decree the vehicle was assigned to him along with the loan (the loan is in my name as well). He has defaulted on the loan and the vehicle has been repossessed. Now a collection agency is coming after me for the balance of the loan because they cannot find him. They want to offer me 50 cents on the dollar. I think legally since I am on the loan that supersede the divorce judgement but can I make them a counter offer of an even lower amount? And how can I be assured that my payment will finally puts this issue to rest?

Asked on February 16, 2012 under Bankruptcy Law, Colorado

Answers:

IMPORTANT NOTICE: The Answer(s) provided above are for general information only. The attorney providing the answer was not serving as the attorney for the person submitting the question or in any attorney-client relationship with such person. Laws may vary from state to state, and sometimes change. Tiny variations in the facts, or a fact not set forth in a question, often can change a legal outcome or an attorney's conclusion. Although AttorneyPages.com has verified the attorney was admitted to practice law in at least one jurisdiction, he or she may not be authorized to practice law in the jurisdiction referred to in the question, nor is he or she necessarily experienced in the area of the law involved. Unlike the information in the Answer(s) above, upon which you should NOT rely, for personal advice you can rely upon we suggest you retain an attorney to represent you.