Expert Advice When You Need It Most

If my co-signor filed Chapter 7, do I still owe on the loan as the primary lender

IF A CO SIGNER FILES CHAPTER 7 IN CA DO I STILL OWE THE LOAN

Save

Attorney answers (1)

Avvo Pro

Reputation Level 14
I think you probably meant to say "primary borrower," didn't you?

If I understand your question correctly, the answer is "Yes, you still owe on the loan as the primary borrower." The fact that someone who co-signed the loan with you has gone through bankruptcy may affect or even extinguish HIS obligation. It doesn't relieve you of yours.
1 person marked this answer as good

Can't find what you're looking for? Ask a Lawyer

Get free answers from experienced attorneys.

 
Ask now