Goldman & Beslow LLC
East Orange: 973-677-9000
Paterson: 973-247-9445
Jersey City: 201-659-6226
Toll Free: 888-827-5493
FREE Initial
Consultation Se Habla Espanol
Go to Practice Area Categories

What Are a Co-Signer's Responsibilities in Bankruptcy in New Jersey?

If you are considering filing bankruptcy and a family member has co-signed a loan with you, it's important to consider the responsibilities your co-signer may have for the loan. Filing Chapter 7 bankruptcy may discharge your personal obligation for the loan, but the creditor could still go after the co-signer.

At Goldman & Beslow, LLC, our attorneys have more than 40 years of bankruptcy law experience. We are fully familiar with co-signers' responsibilities in bankruptcy in New Jersey. We offer a free initial consultation to answer your questions. We offer services in three convenient locations in East Orange, Jersey City and Paterson.

Is There a Way to Protect a Person Who Has Co-Signed a Loan?

There are two ways you can file bankruptcy and still protect a person who has co-signed a loan with you:

  • Continue to pay the creditor even though the debt has been discharged
  • File Chapter 13 bankruptcy and propose to pay 100 percent of the co-signer's obligation

You will not be permitted to pay interest to one creditor and not to another. As a result, the creditor may hold the co-signer responsible for interest payments at the end of your payment plan. In our experience, however, this is not likely to happen.

Contact a Essex County Bankruptcy Co-Signer Issues Attorney

For more information about a co-signer's responsibilities in bankruptcy in New Jersey, call our experienced Essex County bankruptcy lawyers today for a free one-half hour consultation at 973-677-9000 or 888-827-5493. Our lawyers serve Essex, Union, Hudson, Passaic, Bergen, Morris, Middlesex, Sussex and other New Jersey communities.

PRACTICE AREA CATEGORIES

Tell Us About Your Case

Bold labels are required.

Contact Information
disclaimer.

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.

close

PROFESSIONAL ASSOCIATIONS

  • NACBA | National Association of Consumer Bankruptcy Attorneys
  • NACA | National Association of Consumer Advocates
Review Us
Goldman & Beslow LLC

Goldman & Beslow, LLC is a Federal Debt Relief Agency by an Act of Congress. We have proudly assisted consumers seeking relief under the U.S. Bankruptcy Code for over 38 years.

qr code

EAST ORANGE
OFFICE
7 Glenwood Avenue,
Suite 311B
East Orange, NJ 07017
East Orange Law Office

Phone: 973-414-8069
Phone: 973-419-7631
Phone: 973-419-5266
Phone: 201-205-2496
Toll Free: 888-827-5493
Fax: 973-675-5886
E-mail the firm

NEWARK OFFICE 168 Bloomfield Avenue
Newark, NJ 07104
Newark Law Office

Phone: 973-483-1333
Phone: 973-419-5266
Phone: 201-205-2496
Toll Free: 888-827-5493
E-mail the firm

PATERSON OFFICE 100 Hamilton Plaza,
Suite 405
Paterson, NJ 07510
Paterson Law Office

Phone: 973-247-9445
Phone: 973-419-5266
Phone: 201-205-2496
Toll Free: 888-827-5493
E-mail the firm

JERSEY CITY OFFICE 26 Journal Square,
Suite 603
Jersey City, NJ 07306
Jersey City Law Office

Phone: 201-659-6226
Phone: 973-419-5266
Phone: 201-205-2496
Toll Free: 888-827-5493
E-mail the firm

Back to Top