What Happens to Co-debtors in Bankruptcy

Having a co-debtor situation usually occurs when one person’s income is not enough for the loan. The co-signer lends their name to the loan as an assurance that the debt will be paid. When you have a co-debtor for a loan and the original signer defaults on the loan, the co-debtor becomes responsible for the  … Read more

Read more detail on Recent Bankruptcy posts –

This entry was posted in Bankruptcy Law and tagged , , . Bookmark the permalink.

Leave a Reply