Cosigner question thanks
Date: Tue, 04/14/2009 - 20:21
Cosigner question thanks
Question: If I was in the process of chapter 13 bk, but my loans are still current and will be until it starts, what will show up on my cosigners credit report during the time of the 5 year bankruptcy where I will have a payment plan. I understand my credit will show bk but if he is not filing for bk, will his credit be fine untill its over????
That is a question to ask your bankruptcy attorney for proper cl
That is a question to ask your bankruptcy attorney for proper clarification, but normally - yes, in Chapter 13, but not 7. Here is the law code for Stay of action against codebtor.
But student loans are generally not dischargeable through bankruptcy.
