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How does a chapter 7 bankruptcy discharge affect the liability of cosigners and other parties who may be liable to a creditor on a discharged debt?

April 26, 2017affect Bankruptcy chapter 7 cosigners Creditor Discharge liability liable Parties

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How does a chapter 7 bankruptcy discharge affect the liability of cosigners and other parties who may be liable to a creditor on a discharged debt?

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A chapter 7 discharge releases only the person or persons who filed the chapter 7 case. The liability of any other party on a debt is not affected by a chapter 7 discharge. Back to top If Chapter 7 bankruptcy sounds right for you, contact us today to make an appointment for a free consultation.