If another person has co-signed a loan for you or if you have co-signed a loan for another person, your bankruptcy proceeding will discharge your obligation to repay that debt, but it does not discharge the co-signer.
For example, if you have co-signed a loan for your brother, your liability for the debt will be discharged but your brother’s obligation will be unaffected. Conversely, if your brother co-signed a loan that you do not intend to repay, your bankruptcy will discharge your requirement to pay, but the creditor will be able to pursue collection against your brother. A chapter 13 can be used to protect a cosigner, but will require payment of the debt.
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