Legal Question in Bankruptcy in Michigan
WHat happens to the Cosigner
If I cosigned on a unsecured equity loan and the borrower has filed bankruptcy, will it show on my credit as chapter 7 and will the creditor try to make me pay for the debt.
Asked on 5/23/98, 9:29 pm
1 Answer from Attorneys
Daniel Press
Chung & Press, P.C.
Cosigned home equity loan
It may show up on your credit report, but not as your filing Ch. 7. The creditor mayseek to collect from you.
Answered on 7/15/98, 9:29 pm
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