If I am a co-signer for a debt, how does bankruptcy affect the obligation?
Full Question:
If I am a co-signer for a debt, how does bankruptcy affect the obligation?
01/05/2007 |
Category: Bankruptcy |
State: Alabama |
#202
Answer:
A co-signer of a loan must be aware that should the original borrower file for bankruptcy, the co-signer's obligation is not affected. He or she may still be held liable on the obligation even if the original borrower obtains a discharge of the obligation.
