What Happens to a Co-Debtor?
Once you file for bankruptcy protection, your co-debtor receives the same protection as you. The creditor is not allowed to contact that person. If the co-debtor is paying on a car and wants to continue to pay for it and keep it, then the person should continue to make timely payments. Usually, filing for bankruptcy does not have any negative affects on a co-debtor. However, if you do not pay the debt, the debt is only discharged as to you and the company may still collect from the co-debtor once the bankruptcy is complete.
