co-signed a loan for a person claiming bankrupsy

July 20th, 2010 by Questions

If I co-sign for a loan and the person i co-signed for wants to claim bankrupsy. Do I have to claim bankrupsy to?

Posted from: Saskatchewan

Questions

One Response to “co-signed a loan for a person claiming bankrupsy”



, Barton Goth - Goth & Company Inc. -Trustee in Bankruptcy said:

If you are unable to afford to payment arrangements on this loan you may find your self where the filing of a bankruptcy or a consumer proposal are necessary.

Please post a follow up comment below:

(Note: comments are reviewed by moderators and then posted after approval. In addition, due to high volume some of the comments might not be posted.)