Potential liability for co-signing & registering son's car

[Stan]

Situation:State of Illinois - Son moves out of the house. Father co-signs for an auto loan, as well as co-registration of the auto with the DMV.Son has his license suspended, cancels the insurance on the auto. What is the potential liability to the father if the son (age 19)has an accident & causes massive property damage, personal injury, or death. Loss of house?!!, Perpetual garnishment of wages?!!Any help is greatly appreciated!!Thanks in advance

[Fidelity One]

You are still liable since it sounds as though you are both a co-signer on the loan and the title of the car.

Either pay the insurance on the car, or take the car away. I am not a lawyer, however, most lawyers will sue you if you are one of the owners of the car.