What will happen to a cosigner in bankruptcy? 5 Answers as of October 27, 2010

What will happen to a cosigner in bankruptcy?

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Law Offices of Michael J. Berger
Law Offices of Michael J. Berger | Michael J. Berger
If the cosigner does not file bankruptcy and the primary debtor does file bankruptcy, the cosigner will still owe the debt.
Answer Applies to: California
Replied: 10/27/2010
Greifendorff Law Offices, PC
Greifendorff Law Offices, PC | Christine Wilton
If you have co-signed on a loan for another person and they, not you have filed bankruptcy, the you will be 100 percent liable for that debt.
Answer Applies to: California
Replied: 10/16/2010
Law Office of Barbara Seeley Curtis
Law Office of Barbara Seeley Curtis | Barbara Curtis
If you make the payments fine. If not they can come after the co signer. Call for free consultation.
Answer Applies to: Florida
Replied: 10/15/2010
The Law Office of Mark J. Markus
The Law Office of Mark J. Markus | Mark Markus
That is a rather vague and broad question. Cosigners are not really affected at all by a bankruptcy filed by someone else. If they are liable before the bankruptcy, they are still liable after.
Answer Applies to: California
Replied: 10/14/2010
Diefer Law Group, P.C.
Diefer Law Group, P.C. | Abel Fernandez
He or she still owes the money.
Answer Applies to: California
Replied: 10/14/2010
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