Tag Archives: cosigners

How Will My Bankruptcy Filing Affect the Co-Signers on My Loans?

It is inevitable that filing for bankruptcy can have an impact beyond the sphere of our own personal finances. Many people (including myself) have co-signed loans for others, had loans co-signed by others, or both. Frequently, those who have co-signed loans for us are our family or friends. Likewise, those we have co-signed for are frequently personal acquaintances. In either case, the filing of a bankruptcy petition can ripple across this financial support network, and rarely is it likely to endear us to one another.

To read more about Michigan bankruptcy and its effect upon your co-debtors, click here to visit our new blog at The Hilla Law Firm, PLLC.