Results 1 to 3 of 3
  1. #1
    Join Date
    May 2012
    Posts
    1

    Default What is the Impact of a Student Loan Cosigner's Bankruptcy

    My question involves bankruptcy in the state of: Florida

    My parents and I are each about to file bankruptcy (chapter 7). I have around $50,000 in student loans, co-signed by my dad, that have been defaulted on by both of us. From what I've read, it would be near impossible for me to get these loans discharged (apparently I still have hope to make a decent wage). But since these are co-signed by my dad, these would be included in their bankruptcy, yes? And, if by chance, the loans can be included and are indeed discharged, does that mean they're gone on my end, too?

  2. #2
    Join Date
    Sep 2011
    Location
    OH10
    Posts
    17,019

    Default Re: Student Loans Cosigned by Parents- Does It Affect Me

    Nope. Just means dad is off the hook.

  3. #3
    Join Date
    Sep 2005
    Location
    Behind a Desk
    Posts
    98,846

    Default Re: What is the Impact of a Student Loan Cosigner's Bankruptcy

    Their bankruptcy has absolutely no impact on your obligation to repay your loans.

    1. Sponsored Links
       

Similar Threads

  1. Bankruptcy Issues: Impact on a Loan If the Cosigner Files Bankruptcy
    By ldjw10 in forum Bankruptcy Law
    Replies: 3
    Last Post: 03-21-2012, 07:49 PM
  2. Chapter 13: Student Loan Balance Reported as Zero After Cosigner's Bankruptcy
    By JudyDixon in forum Bankruptcy Law
    Replies: 3
    Last Post: 04-08-2011, 08:46 PM
  3. Cosigners: How Can a Cosigner Avoid Liability After Student Loan Discharge in Bankruptcy
    By otherside in forum Debts and Collections
    Replies: 1
    Last Post: 03-18-2011, 07:42 AM
  4. Replies: 2
    Last Post: 01-28-2011, 09:10 AM
  5. Chapter 13: Cosigner for Defaulted Student Loan is in Bankruptcy and has Threatened to Sue
    By truthbtold in forum Bankruptcy Law
    Replies: 3
    Last Post: 10-19-2010, 12:58 AM
 
 
Sponsored Links

Legal Help, Information and Resources