State: California
Background:
My ex-wife was ordered in a divorce decree to pay 80% of any deficiency judgment that may occur from a vehicle repossession. Both my ex-wife and I are on the loan.
Question:
1. How will the lender sue both of us in court?
2. Will we both be summoned to court?
3. If they DO sue us, will the lender sue me for 20% or will they sue me 50% and I'll have to get the remaining from my ex-wife?
Thanks in advance!
-Troubled
Background:
My ex-wife was ordered in a divorce decree to pay 80% of any deficiency judgment that may occur from a vehicle repossession. Both my ex-wife and I are on the loan.
Question:
1. How will the lender sue both of us in court?
2. Will we both be summoned to court?
3. If they DO sue us, will the lender sue me for 20% or will they sue me 50% and I'll have to get the remaining from my ex-wife?
Thanks in advance!
-Troubled