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What Happens To A Co-Signer When I File Bankruptcy?

If someone cosigned a loan for you, he or she will still be on the hook if that loan is eliminated in bankruptcy and will have to pay the loan. If your cosigner is a relative, you can imagine the stress this might cause in your relationship. If you have a cosigner you want to protect, you’ll need to consider negotiating an alternative payment plan with your creditor or filing Chapter 13 bankruptcy.

To learn more about whether or not Chapter 7 bankruptcy or Chapter 13 bankruptcy is your best option, schedule your free, confidential bankruptcy consultation with a Colorado bankruptcy attorney today. Our online scheduling system allows you to schedule bankruptcy consultation at a time that is convenient for you.

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Our bankruptcy attorneys in Denver, Colorado can safely guide you to a fresh financial start.
3773 Cherry Creek Drive North, Suite 575
Denver, CO
Phone: 303.331.3403
Fax: 303.261.8290