car payment .. signing cooperation is now bankrupt!?

2.5 years ago, I bought a brand new car dad cosigned since I was 18 at the time, now it is broke and since 09/2007 I never received a bill and when I call my place car loan, I am directed to a hotline national bankruptcy. I tried to pay my 300 a month that I have not failed once in 2.5 years but I am not allowed to. I tried to call HSBC earlier this year and asked my co-signer be removed, but said it was and I immpossible refinance on mine, but I do not have enough money for that I am a student. So today I checked my Equifax credit accounts and under negative, it is my car loan with 12,000 in arrears and in the state account he is written "charge-off. I was wondering if anyone has any tips for me because I am very upset bankruptcy is to make my credit, so what does mean compensation cost? Any help is welcome and thank u!

Creditors are advised by the bankruptcy court to trickle charge (sorry) outstanding debts in bankruptcy. When a bankrupt person is required for a loan contingent on lists nearly subordinated debt in the group of debts … otherwise they may become responsible for immediately after bankruptcy if the principal creditor defaults. Sorry to say, but you've missed the opportunity to pay the entire debt before the bankruptcy, so that your father had to specify in the bankruptcy. Fortunately, the debt has ceased to exist. Just go on up to payment in a currency market fund in case you need to use instead of credit.