Yet Another S.O.L. Question

My husband purchased a vehicle in Indiana. He was no longer able to make payments and his uncle (the co-signor) declared bankruptcy and included the car in the bankruptcy.

The car was turned into a tin can.
My husband carried the bankruptcy for 7 years.

about two weeks ago we recieved a letter from a collection company wanting three times the amount of the purchase price of the vehicle.In the last 8 years they made o attempt to contact us.

I believe you said the S.O.L. in Maryland (where we live now) is 6 years...which made me very happy.

Are we covered by maryland law because we live there, or are we under Indiana S.O.L. because he bought the car there?

[I AM ALWAYS LIABLE]

<BLOCKQUOTE><font size="1" face=" Arial, Verdana, Helvetica">quote:</font><HR>Originally posted by RebmA:
My husband purchased a vehicle in Indiana. He was no longer able to make payments and his uncle (the co-signor) declared bankruptcy and included the car in the bankruptcy.

The car was turned into a tin can.
My husband carried the bankruptcy for 7 years.

about two weeks ago we recieved a letter from a collection company wanting three times the amount of the purchase price of the vehicle.In the last 8 years they made o attempt to contact us.

I believe you said the S.O.L. in Maryland (where we live now) is 6 years...which made me very happy.

Are we covered by maryland law because we live there, or are we under Indiana S.O.L. because he bought the car there?<HR></BLOCKQUOTE>

My response:

If you bought the car in Indiana, sorry, but your S.O.L. is 10 years on a written contract, measured from the date of last payment. It makes no difference where you move to; the S.O.L. follows you from where you signed the agreement.

IAAL



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