Tag Archives: cosign a loan

• Chapter 7 Bankruptcy and Co-Signed Debts

  • Posted On: September 5, 2013
  • By: Noah Bader

  Once a Chapter 7 bankruptcy is filed, all collection efforts and activities must stop because of the bankruptcy’s automatic stay.  But, it’s important to know that the Chapter 7 automatic stay does not extend to your cosigners.  Therefore, your creditors are free to pursue them in an effort to collect the debt.  Fortunately, if you… Read More »

  • Posted in Chapter 7 Bankruptcy
  • Tagged automatic stay, Chapter 7, Chapter 7 bankruptcy, cosign a loan
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