Bankruptcy Law Questions? Ask a Bankruptcy Lawyer Now.
Thank you for your question.
Unfortunately, as the co-signer on the loan, you can be held responsible for the loan. Especially in the event of your ex-husband's bankruptcy, the creditor has the ability to come after you for the full amount owing on the loan. I am sorry, but there is no protection for you, despite the fact that you did not know what was going on with the payment of the loan. Your best bet may be to try to work out some sort of payment plan with the creditor to avoid any legal action from being taken for nonpayment of the debt.
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