Many bankruptcy filers worry that filing for bankruptcy will negatively impact their co-signers. The impact of a filing on co-signers oftne depends on the type of bankruptcy filing. 

In a Chapter 7 bankruptcy, creditors are often able to collect against co-signers. In Chapter 13 bankruptcy, however, the co-signers may be protected in certain circumstances. For instance, they are often protected if the debt is a consumer debt and the co-signer does not benefit from the debt's proceeds. 

If you or anyone you know has questions about a bankruptcy filing, contact the Austin bankruptcy lawyers of Slater, Kennon, & Jameson, LLP, at 512-338-1100.