Personal Bankruptcy Information

 

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Frequently Asked Question #16

   

What is the effect of bankruptcy on co-signers?

If someone has co-signed a loan with you and you file for bankruptcy, the co-signer will still have to pay the debt. You should list the co-signer as a creditor in your bankruptcy petition since they may have a contingent claim against you.

If you still have questions you can schedule a free consultation with a bankruptcy attorney.

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