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If I file bankruptcy and have a cosigner on one of my loans how does it affect the cosigner



Grant Thornton Limited



Jan 19, 2016



Hello, If you decide to file a bankruptcy or proposal the co-signer on an unsecured loan will now be responsible for payment. The lack of payments will affect their credit rating. However, if the loan was for a vehicle or real property and you have decided to continue with your monthly obligations then filing for bankruptcy or proposal will not affect the co-signer.

Susan Methuen
T 403-310-8888


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