Legal Question in Bankruptcy in New Jersey

If someone co-signs a loan and the original buyer files bankruptcy is the co-signor still liable for the debt?


Asked on 6/02/10, 6:43 am

1 Answer from Attorneys
Stephen Tsai Stephen Tsai Law Offices

Yes, unless there was some language limiting the co-signor's liability. This usually doesn't happen, so probably the co-signor is liable.

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Answered on 6/02/10, 2:38 pm


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