When a debtor files for chapter 7 bankruptcy, any co-signer on an account that is discharged in the bankruptcy will be responsible for the remainder of the debt on the account.
Seattle Bankruptcy News Archive
Tag: Chapter 13
A recent article in the New York Times states that foreclosure rates are falling, however delinquency’s are on the rise:
order to file bankruptcy, every debtor must complete a credit counseling course. The second circuit recently announced that a bankruptcy may be commenced without the debtor first completing the required credit counseling course