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co-signed a loan for a person claiming bankrupsy

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

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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.