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Can a creditor come after a co-signor if the principal signor on a loan filed bankruptcy?

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Can a creditor come after a co-signor if the principal signor on a loan filed bankruptcy?

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A. Yes. The lender can require the co-signor to make payments on a loan once the principal has declared bankruptcy on the credit. That is precisely why it is extremely important that those considering co-signing for a loan for another be ready, and able, to pay the loan in the event that the principal signor defaults.

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