LawInfo

Co-signers, Spouses and Others FAQs

• I am a co-signer on a loan that was discharged – can the creditor come after me now?
  Yes. A bankruptcy which discharges a debt only discharges the debt for the individual who has filed for bankruptcy. Co-signer may still be liable for the discharged … more
• If I file for bankruptcy – will my spouse need to also?
  No.  In cases where both spouses have a lot of debt, a joint petition for a bankruptcy may be filed.  Only married individuals may file a joint … more
• If I file for bankruptcy – will it hurt my spouse’s credit rating?
  In general, if you file for bankruptcy and your spouse does not (spouses are not required to file); your bankruptcy will not show up on your spouse’s credit … more

Chick here to view Federal Co-signers, Spouses and Others FAQs