What to do if I co-signed a note for my son-in-law but he has since filed bankruptcy on all debts, including the note?
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What to do if I co-signed a note for my son-in-law but he has since filed bankruptcy on all debts, including the note?
Am I now responsible for that debt even though it was included?
Asked on January 15, 2013 under Bankruptcy Law, Colorado
Answers:
FreeAdvice Contributing Attorney / FreeAdvice Contributing Attorney
Answered 11 years ago | Contributor
Unfortunately for you as the co-signor on a promissory note you are now responsible for the obligations stated on the note given the fact that your son-in-law has filed for bankruptcy protection and presumably has received a discharge as to this debt. I suggest that you consult with a consumer law attorney to give you some guidance as to the matter that you have written about.
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