If I am a co-signer what happens to me?

Question: How am I affected if I am a co-signer on a loan and the loan holder claims Bankruptcy?

Answer: As a co-signer, you would be fully responsible for the loan if the primary borrower goes bankrupt.

This entry was posted on Monday, March 31st, 2008 at 2:15 pm and is filed under bankruptcy Ontario. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.