An Elbert County Bankruptcy Lawyer May Warn About Certain Chapter 7 Provisions

When you’re considering bankruptcy, you may not be aware of how it could affect a friend, or family member who is the cosigner for one, or more of your debt accounts.

An Elbert County bankruptcy lawyer can explain that a chapter 7 bankruptcy for instance, will discharge some of your debts, meaning that you will no longer be responsible for paying them off. But, since a cosigner has legally taken on the responsibility of that debt, your Elbert County bankruptcy lawyer will advise that a co-debtor can still be held accountable.

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