QUESTION
My daughter has a student loan of $20,000.00 I am a co-signer for her can she file for bankruptcy and will I get penaltized for it?
Asked on Jul 07th, 2016 on Bankruptcy - New York
1 ANSWER
1 Award
You will not be penalized. It is not dischargeable debt so both you and she will still owe it. Her filing will actually reduce your credit score slightly, but not enough to matter.
Answered on Jul 09th, 2016 at 8:04 AM