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How will filing bankruptcy affect my cosigners or codebtors?

April 26, 2017affect Bankruptcy cosigners filing

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How will filing bankruptcy affect my cosigners or codebtors?

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If you file bankruptcy under chapter 7 and your debts are discharged you will have no further liability for your debts. However, any cosigners or codebtors on any of your debts will still be liable unless they also file bankruptcy.