What Happens to a Cosigner in Bankruptcy?

If you cosigned a loan for someone else and they file a successful bankruptcy you will be liable for the debt.

If someone cosigned a loan for you and you file a successful bankruptcy they will be liable for the debt. If they are a friend or family member you may not want that to happen. It is very important to let your bankruptcy attorney know so that he can go over your options with you.

Call or email Madison Bankruptcy Attorney Zeshan Usman for a free consultation.

  Tags: Bankruptcy, Cosigner