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
One Response to “co-signer”
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.)
You must be logged in to post a comment.
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.