Hermosa, SD asked in Bankruptcy for South Dakota

Q: If my Boyfriend files Bankruptcy and I was on a loan he had do I have to file too?

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2 Lawyer Answers

Cristina M. Lipan

Answered
  • Bankruptcy Lawyer
  • Brooklyn, NY

A: If you are a personal guarantor, you remain obligated to pay the loan even if your boyfriend files bankruptcy. You aren't required to file bankruptcy too, but you remain responsible for paying that debt.

David Earl Phillips and Bruce Alexander Minnick agree with this answer

Timothy Denison

Answered
  • Bankruptcy Lawyer
  • Louisville, KY

A: No. You do not have to file too but you will be responsible for the loan you signed..

Bruce Alexander Minnick agrees with this answer

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