Is my spouse responsible to pay any loan that I have co-signed for?
Yes. Bankruptcy does not eliminate the debt or other obligations of a spouse, only the obligations of the bankrupt. Any other party that is not bankrupt is responsible for paying their debts as they normally come due. As a result, it may be necessary for your spouse to consider other options.
Contact Rumanek & Company Ltd. for more information on bankruptcy and debt solutions. Or please fill out the free bankruptcy evaluation form. To learn more please visit our YouTube Channel. Rumanek & Company have been helping individuals and families overcome debt for more than 25 years.