CanI be sued for being a co-signer on a bond?

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CanI be sued for being a co-signer on a bond?

I put my name on a bond for a family member. Now they have missed several court appearances and the bail bondsman wants to file a lawsuite against me for the 5k that is owed. Can this affect my credit?

Asked on January 16, 2012 under Bankruptcy Law, Texas

Answers:

SJZ, Member, New York Bar / FreeAdvice Contributing Attorney

Answered 9 years ago | Contributor

Yes, you may be sued; by co-signing the bond, you obligated yourself under it. If you do not pay the amounts due under the bond, you could be sued, you could have a default or judgment against you entered on your credit report, etc. When you sign something, even as a co-signor, you are generally potentially as liable as if you were the only signatory to it.


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