QUESTION
If you co sign a car loan for someone who lives in Virginia and they filed for bankruptcy how does it effect ur credit
Asked on Apr 19th, 2013 on Bankruptcy - Virginia
1 ANSWER
Bankruptcy Law Attorney serving Warrenton, VA
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You are still liable for the debt that you co-signed when someone files for bankruptcy and receives a discharge. Your credit will show a delinquency if that debt is not paid in 30, 60 and 90 days. Those are big hits on your credit.
Answered on Apr 22nd, 2013 at 7:40 PM