Find the best financial services for you at: SMARTFINANCESOLUTIONS.NET - Question about debt collection agency and filing bankruptcy? - about 7 years ago i co-signed for my friend's student loan (yeah i know it was very stupid thing to do, i was young and i didn't know better) and friend disappeared now and they want me to pay for it.
with interest now it's up to 110K, and file got transferred to debt collection agency.
now the debt collection agency wants me to pay 55k.
I have no job, car, or house, i have nothing under my name.
if i file bankruptcy, could i get out of it? i heard even with bankruptcy i still have to pay student loan.
any kind of advice will be appreciated :) -