Legal Question in Bankruptcy in Maine

Please Help! -- co-signer problem

I am in the process of filing for bankruptcy without an

attorney. I recently discovered that because one of my

student loans was made by a private institution, it is a

dischargeable debt. I do not want the loan to be

discharged because there is a co-signer, and I do not

want her to be held responsible for the debt. Can I

reaffirm the loan in the same way I would a secured

debt?

Please help!!!


Asked on 6/04/02, 9:07 pm

1 Answer from Attorneys
Andrew Nichols Law Office of Andrew B. Nichols

Re: Please Help! -- co-signer problem

Yes. Creditors enjoy debtors who wish to reaffirm debts especially those that are dischargeable. You or an attorney should contact the institution. I would not simply roll over. Since the creditor knows the debt is dischargeable you may be able to get a reduced amount and/or reduced interest when you enter into the reaffirmation agreement. ph (800) 303-0720

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Answered on 6/05/02, 12:37 pm


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