A common question that many people ask when filing bankruptcy is how the bankruptcy will affect any co-signers that they may have at the time of filing. Depending on the circumstances, the impact will differ. If, for example, two spouses are both filing bankruptcy together and they are co-signed on a number of shared debts, then the fact that they are co-signers with one another will not have a significant impact on the bankruptcy. Alternatively, if you are filing bankruptcy and have a co-signer who is not also filing, the impact on the co-signer will be different than it would for two spouses filing jointly.
