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173

DON'T talk to the creditor. DON'T trash your other good credit. DON'T declare bankruptcy for a good while. The IRA is protected. Protect it. First and foremost, the IRA is untouchable in MD. Creditors cannot touch it. Bankruptcy cannot touch it. Abe must not touch it. The IRA is a sort of "trust account", and Abe, as a "trustee", must protect that from ...


20

Having the money up front mitigates most of the risk. The main lingering piece would be if, as a cosigner, you are on the hook for damages in excess of the deposit (on all leases I've used/seen a cosigner shares full obligation for all amounts owed). So if she trashed the place or ran a meth lab, you could be on the hook for damages/remediation in excess of ...


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