Lenders commonly ask for a co-signer. A co-signer is someone who agrees to be legally responsible for repaying a debt if the primary borrower defaults. A co-signer takes on equal responsibility for the loan, this means they are obligated to make payments if the primary borrower cannot. Common examples are parents co-signing for their children’s student loans or auto loans, or a friend co-signing a lease.

How Will Filing Chapter 7 Bankruptcy Affect a Co-signer?
Lenders commonly ask for a co-signer. A co-signer is someone who agrees to be legally responsible...