Co-signer on a Loan
Question: If I have a co-signer on a loan. and we both agree on bankruptcy, how will this effect the other person. the co signerAnswer: If both the co-signer and you are going bankrupt then the debt will be covered by the bankruptcy. However, if the co-signer is not filing a bankruptcy they will be responsible for payment of the entire debt in your place.
Labels: co signed debts

