[{"@context":"https:\/\/schema.org\/","@type":"BlogPosting","@id":"https:\/\/rkillen.ca\/what-happens-to-my-co-signor\/#BlogPosting","mainEntityOfPage":"https:\/\/rkillen.ca\/what-happens-to-my-co-signor\/","headline":"What Happens To My Co-signor?","name":"What Happens To My Co-signor?","description":"  What Happens To My Co-signor?Watch this video on YouTube   In this video, Richard Killen, a Licensed Insolvency Trustee in bankruptcy in Toronto talks about, What Happens To My Co-signor?.   When people do a bankruptcy or even a consumer proposal, if they have a co-signor on one of their debts, they are going […]","datePublished":"2017-10-06","dateModified":"2024-04-19","author":{"@type":"Person","@id":"https:\/\/rkillen.ca\/author\/admin\/#Person","name":"admin","url":"https:\/\/rkillen.ca\/author\/admin\/","identifier":2,"image":{"@type":"ImageObject","@id":"https:\/\/secure.gravatar.com\/avatar\/9802e0bea345b33afa85a53646482da09b2d7944429d88b59778b5d3e1c3dd14?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/9802e0bea345b33afa85a53646482da09b2d7944429d88b59778b5d3e1c3dd14?s=96&d=mm&r=g","height":96,"width":96}},"publisher":{"@type":"Organization","name":"Richard Killen and Associates","logo":{"@type":"ImageObject","@id":"https:\/\/rkillen.ca\/wp-content\/uploads\/2016\/08\/landscape-logo-12345-for-web.png","url":"https:\/\/rkillen.ca\/wp-content\/uploads\/2016\/08\/landscape-logo-12345-for-web.png","width":600,"height":60}},"image":{"@type":"ImageObject","@id":"https:\/\/rkillen.ca\/wp-content\/uploads\/2017\/10\/what-happens-to-my-co-signor.jpg","url":"https:\/\/rkillen.ca\/wp-content\/uploads\/2017\/10\/what-happens-to-my-co-signor.jpg","height":720,"width":1280},"url":"https:\/\/rkillen.ca\/what-happens-to-my-co-signor\/","video":{"@context":"http:\/\/schema.org\/","@type":"VideoObject","@id":"https:\/\/www.youtube.com\/watch?v=AduyLJi0qBg#VideoObject","contentUrl":"https:\/\/www.youtube.com\/watch?v=AduyLJi0qBg","name":"What Happens To My Co-signor during a bankruptcy or consumer proposal?","description":"http:\/\/rkillen.ca\/what-happens-to-my-co-signor\/ In this video, Richard Killen, a Toronto-based Licensed Insolvency Trustee talks about, Do I Have To Pay a Minimum Portion?.\n\nWhen people do a bankruptcy or even a consumer proposal, if they have a co-signor on one of their debts, they are going to be very concerned about what is going to happen in regard to their co-signor. The fact of the matter is that when you do a bankruptcy or consumer proposal, you are just relieving your own responsibility for those debts. You are not able to do anything for the other person. In other words, if I were to co-sign somebody else\u2019s debt, they go bankrupt, they are not responsible for it anymore but now the creditors are going to want me to pay, and that is just a fact of life. That is what co-signing is all about. Now, whether or not that person has to pay the whole thing at once, usually can be worked out with the creditor but a bankruptcy or proposal will not relieve somebody else from their responsibilities.\n\nIf you are uneasy about bankruptcy you should definitely visit a licensed insolvency trustee so that you will be given an advice about your bankruptcy problems.\n\nWe can meet with you during business hours or book after hours appointments if that is more convenient.\n\nContact us for a fresh start 1 (888) 545-5365\nLive your life free of financial stress!\n\nFollow us on Instagram: https:\/\/www.instagram.com\/killen_trustee\/\nFollow us on Twitter: https:\/\/twitter.com\/Killen_Trustee\nFollow us on Facebook: https:\/\/www.facebook.com\/rkillenassociates\nFollow us on Linkedin: https:\/\/www.linkedin.com\/company\/richard-killen-&-associates\/\nConnect on Linkedin: https:\/\/www.linkedin.com\/in\/richard-killen-020aaaba\/\n\nRichard Killen and Associates have 10 locations across the Greater Toronto Area.\n\nOur main office is at\n\nRichard Killen & Associates\n2130 Lawrence Ave\nEast Suite 402, M1R 3A6\nTel: (416) 285-9511\nhttp:\/\/rkillen.ca","thumbnailUrl":["https:\/\/i.ytimg.com\/vi\/AduyLJi0qBg\/default.jpg","https:\/\/i.ytimg.com\/vi\/AduyLJi0qBg\/mqdefault.jpg","https:\/\/i.ytimg.com\/vi\/AduyLJi0qBg\/hqdefault.jpg","https:\/\/i.ytimg.com\/vi\/AduyLJi0qBg\/sddefault.jpg","https:\/\/i.ytimg.com\/vi\/AduyLJi0qBg\/maxresdefault.jpg"],"uploadDate":"2017-10-07T08:39:53+00:00","duration":"PT1M3S","embedUrl":"https:\/\/www.youtube.com\/embed\/AduyLJi0qBg","publisher":{"@type":"Organization","@id":"https:\/\/www.youtube.com\/channel\/UCVqfGDwXy-OK5RHKZGkaMUw#Organization","url":"https:\/\/www.youtube.com\/channel\/UCVqfGDwXy-OK5RHKZGkaMUw","name":"Richard Killen & Associates Ltd","description":"Since 1992 we at Richard Killen & Associates have helped thousands of people resolve their financial problems. With over 22 years experience in this industry, our president, Richard Killen, and the rest of our team understand the difficulties that honest people can sometimes find themselves in. This expertise makes it possible to provide you with a service that effectively deals with the issues.\n\nThe strength of our company is exemplified by the manner in which we treat our customers. We understand the intense pressure people are under. You will feel better after having spoken with our staff and your sense of dignity will be restored. The relief most people feel is tangible.","logo":{"url":"https:\/\/yt3.ggpht.com\/ytc\/AIdro_nK1yzM56nIFCGmWO7scxw1pLTW2Z8LVLH_kg8kdbbfw5M=s800-c-k-c0x00ffffff-no-rj","width":800,"height":800,"@type":"ImageObject","@id":"https:\/\/www.youtube.com\/watch?v=AduyLJi0qBg#VideoObject_publisher_logo_ImageObject"}},"potentialAction":{"@type":"SeekToAction","@id":"https:\/\/www.youtube.com\/watch?v=AduyLJi0qBg#VideoObject_potentialAction","target":"https:\/\/www.youtube.com\/watch?v=AduyLJi0qBg&t={seek_to_second_number}","startOffset-input":"required name=seek_to_second_number"},"interactionStatistic":[[{"@type":"InteractionCounter","@id":"https:\/\/www.youtube.com\/watch?v=AduyLJi0qBg#VideoObject_interactionStatistic_WatchAction","interactionType":{"@type":"WatchAction"},"userInteractionCount":105612}]]},"about":["Bankruptcy"],"wordCount":218,"keywords":["Bankruptcy","what happens to my co-signor"],"articleBody":" What Happens To My Co-signor?Watch this video on YouTube In this video, Richard Killen, a Licensed Insolvency Trustee in bankruptcy in Toronto talks about, What Happens To My Co-signor?. When people do a bankruptcy or even a consumer proposal, if they have a co-signor on one of their debts, they are going to be very concerned about what is going to happen in regard to their co-signor. The fact of the matter is that when you do a bankruptcy or consumer proposal, you are just relieving your own responsibility for those debts. You are not able to do anything for the other person. In other words, if I were to co-sign somebody else\u2019s debt, they go bankrupt, they are not responsible for it anymore but now the creditors are going to want me to pay, and that is just a fact of life. That is what co-signing is all about. Now, whether or not that person has to pay the whole thing at once, usually can be worked out with the creditor but a bankruptcy or proposal will not relieve somebody else from their responsibilities. If you are uneasy about bankruptcy you should definitely visit a licensed insolvency trustee so that you will be given an advice about your bankruptcy problems. "},{"@context":"https:\/\/schema.org\/","@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"name":"What Happens To My Co-signor?","item":"https:\/\/rkillen.ca\/what-happens-to-my-co-signor\/#breadcrumbitem"}]}]