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This should be considered two different issues. The co-owner will still be obligated for the loan and maybe the entire loan. Depending on who is the primary on the loan, if its the one going bankrupt the loan falls to the co-owner. Please try to find another way instead of bankruptcy, it will ruin your credit forever and I, along with other people will have to pay your debt. There are debt consolidation places that can help and believe it or not the people you owe money to actually have whats called curing programs that can reduce the payment amount for a certain time so you can try to catch up.If you are willing to pay something and work with them and not hide from them, they will work with you.

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18y ago

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