co-signer

November 27th, 2012 by Questions

If I were to claim bankruptch, what would happen to a loan taken out at the bank with a co-signer who passed away a year ago?

Posted from: Ontario

Questions

One Response to “co-signer”


November 27, 2012 at 8:00 pm, Barton Goth - Goth & Company Inc. -Trustee in Bankruptcy said:

Assuming there was nothing in the deceased estate, you are the one who is left fully responsible for this debt. So if you filed for bankruptcy, you would be cleared from the debt and not much would change. Technically the deceased’s estate is liable for this amount, but if there isn’t anything in this estate this is ultimately where it would stop.

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