Legal Question in Credit and Debt Law in California

co-sign debt

I co-signed for a loan.The loanee filed bankruptcy.Does liabilty switch to me?


Asked on 5/25/03, 4:46 pm

2 Answers from Attorneys
Robert Mccoy Law Office Of Robert McCoy

Re: co-sign debt

Yes, if the debtor filed Chapter 7. If the debtor filed Chapter 13, then no.

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Answered on 5/26/03, 2:09 pm
Sheldon G. Bardach Law Offices of Sheldon G. Bardach

Re: co-sign debt

In a word, "Yes!"

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Answered on 5/25/03, 4:55 pm


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