I received an email question from someone in Chatham :
“I have a bank loan that my dad cosigned. If I go bankrupt, how does it effect him.”
If you file for bankruptcy, as the cosignor, your dad is totally responsible for the debt. Your bankruptcy only effects your responsibility towards the debt. It is probably a good idea to let you dad know that you plan on filing for bankruptcy.
If you have a question, please feel free to email me.
Share this:
You must log in to post a comment.