No credit card required
Browse credit cards from a variety of issuers to see if there's a better card for you.
Hello we filed chapter 7 and it was discharged last year. We had a business that was a S-Corp a business partner signed with us on a lease. The business was included in bankruptcy my husband and I also filed personal chapter 7 along with the Corporation. The company has decided to go after the business partner. Can they make the business partner pay even though the Corporation filed bankrupt?
Yep. That's the danger of being a co-signor -- EVERY name on the contract is equally liable. Look at it from the landlord's apparent point of view: you wouldn't have gotten the lease without the co-signor (or a second guarantor wouldn't have been required). Thus, in the opinion of the landlord, that co-signor guaranteed the lease. Now, it's time to collect on that guarantee.