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  1. #1
    Join Date
    Aug 2012
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    Default Can Co-Signer Discharge Private Student Loan with Chapter 7

    My question involves bankruptcy in the state of: ny
    i get a lot of conflicting info about this: can a co signer discharge a private student loan with sallie mae by filing chapter 7?

  2. #2
    Join Date
    Sep 2005
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    Default Re: Can Co-Signer Discharge Private Student Loan with Chapter 7

    The debt is not affected by the cosigner's bankruptcy.

    If loan payments have been made in a timely manner for a number of years, the cosigner can investigate whether it is possible to be released from the guarantee on that basis.

    Are you asking if the cosigner can discharge his responsibility to guarantee the loan?

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