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What effect does a Chapter 7 proceeding have on co-signers?

April 26, 2017chapter 7 co-signers proceeding

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What effect does a Chapter 7 proceeding have on co-signers?

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If you have a debt that someone else has co-signed, your filing Chapter 7 will not protect the co-signer from the creditor. Although your legal obligation on the debt is discharged, the creditor may still look to the co-signer for payment.