Can creditors come after a co-signer of a loan if the primary signer files bankruptcy?
Yes. Even though it is illegal for the creditors to continue to harass the debtor who filed for bankruptcy, they can turn to co-signers of a loan to make payments, until the liquidation from the seizure of the debtor’s property comes through. This is why it is extremely important for loan co-signers to be prepared to pay for a loan if the primary signer defaults on their payments and declares bankruptcy.
