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Residents of Winnipeg and surrounding areas of Manitoba experiencing financial difficulties can book a free consultation with these bankruptcy experts by calling them at (204) 926-2471.

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Co-signer and bankruptcy

Posted on Friday, May 08, 2009

Question: My mother cosigned a loan for me, will she get stuck with the loan if I file bankruptcy?

Answer: Yes, if you go bankrupt, your co-signer becomes responsible for the loan. We recommend that your mother contact the bank before you go bankrupt and make arrangements to continue making the loan payments so that her credit is not impacted.

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