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Effect of ch 7 on CoDebtors credit

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    Effect of ch 7 on CoDebtors credit

    My parents co-signed 8-9 years ago on a personal loan for me which had no late payments and is now closed and completely paid off.

    This is a positive closed debt on their credit, when I file, will their credit be hurt or affected? Will this debt no longer appear on their credit?

    #2
    Nothing should even change with the account's status since it is closed.
    Chapter 7 (No Asset/Non-Consumer) Filed (Pro Se) 7/08 (converted from Chapter 13 - 2/10)
    Status: (Auto) Discharged and Closed! 5/10
    Visit My BKForum Blog: justbroke's Blog

    Any advice provided is not legal advice, but simply the musings of a fellow bankrupt.

    Comment


      #3
      Awesome! thanks dood!

      Comment

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