Legal Question in Credit and Debt Law in Wisconsin

No; if you cosigned your daughter's loans and she does not pay, your only choice is to either deal with them via payment negotiations or bankruptcy. Odds are that your credit will be more or less destroyed either way, unless you can afford to pay them off in full. Bankruptcy may therefore not be too much worse for your credit than having an open collection matter on your credit record. It certainly would be far cheaper than paying $13,000 since an average chapter 7 costs only $1200-1500. You therefore owe it to yourself to at least schedule a free initial consultation with an experienced bankruptcy lawyer. My comments in this online forum are offered for public educational purposes only and are not legal advice, nor do they create any attorney/client relationship between us. Even if I were advising you, the background information which you provided did not include sufficient detail to allow any sort of reliable advice upon which you should rely. Finally, I may be able to represent you if you contact my Racine office and make arrangements formally retain me. I represent clients throughout the state of WI.