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There's an auto loan in my name and I also have a co-borrower on that loan. My co-borrower is filing Chapter 7 bankruptcy. He included the loan to his bankruptcy. What will happen to me?

sara · Posted: Wed Jan 25, 2012 3:28 am Post subject:

Hi Tess,

Your co-borrower will get a discharge from the bankruptcy filing. You will become fully liable for paying off the car loan in full.

Take care

alvinajohn · Joined: 25 Dec 2011 Posts: 38 7.96 Dollars($)

currently you are liable for all amount that is due on both of you.if within three years your partner get a better position than you can recover your money from him otherwise after three years he will be discharge permanently.

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