FILL OUT THE FORM BELOW AND RECEIVE A NO-OBLIGATION CONSULTATION

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If you have unsecured debt of under $10,000 and live in the Province of Ontario filing bankruptcy may not be the best option for you. We suggest you contact the Office of the Superintendent of Bankruptcy at 416-973-6441 to discuss your options, or you can visit their website here.

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Co-signing a loan

I received an absolute discharge on my bankruptcy in May of this year. My son who is 18 and is currently working at a full time job is seeking a co-signer for a car loan. Am I able to co-sign for him?

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One Response to “Co-signing a loan”

Barton Goth, GCO Inc. Bankruptcy Trustees said...

Yes, there is nothing preventing you from doing this, however I always caution people to think twice prior to guaranteeing someone else’s debt (even a family member) as I have seen many situations where this causes substantial difficulties.