The Fate of Co-Signed or Guaranteed Debt in Bankruptcy »
By Jonathan Ginsberg, Atlanta Bankruptcy Attorney on Mar 1, 2007 in Automatic Stay, Chapter 13 Bankruptcy, Chapter 7 Bankruptcy, Georgia | 0 Comments
If any of your debts have been guaranteed or co-signed by a friend or relative, your bankruptcy filing could damage your friend or relative’s credit.
Lenders, whether automobile finance companies, credit card lenders, mortgage lenders or any other type of credit grantor, are in the business of evaluating and managing risk. If your credit profile [...]
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