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Bankruptcy Forms Poppenga Concrete, Inc M Brent Hendrix Mo Bar No 30566

Bankruptcy Forms Poppenga Concrete, Inc M Brent Hendrix Mo Bar No 30566

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hi West Scott from lifeback Law Firm today we're going to talk about how will bankruptcy affect a co-signer you know uh this is again a good blog uh because people who file bankruptcy when you file bankruptcy okay you're getting rid of your liability on the loan but Grandpa if Grandpa's a co-signer is not going to because Granda is not filing a bankruptcy and in most debt situations the thing that people get confused about they think one of two things they think when I file bankruptcy on this debt the debt goes away no it doesn't well it does to you but it doesn't to anybody else who's liable on the debt two people think well if I have a codet or on a debt they're responsible for half the debt not the whole debt that's not true uh in the vast majority of circumstances when somebody's a co-signer with you they are jointly and severly liable on the debt that means that one person is liable for the entire balance not

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