lawyer letter........

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superbike81

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received a letter today from a lawyer stating that we owe $x to Company A. This was a "personal" student loan through a local bank that showed up discharged on our bankruptcy 3 years ago. out of nowhere we receieved this letter saying that in order to settle out of court we must pay this large sum of money within one week of the letter date! there was a cosigner on this loan, that is the stipulation to the situation. if we can back them off for a little less than a month we can just pay it and be done. can they legally set a marginal time like that?
 
It depends on what happened in the bankruptcy. The cosigner may still be liable. You need to contact the bank directly.
 
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