That is the reason for having a co-signor. They guaranteed payment if you default. However, if they continue to make the required payments the loan balance will not be accelerated. You can protect a co-signor by filing under Chapter 13. That way, your unsecured creditors are treated equally in your repayment Plan, and the creditor has to accept the amount offered in the Plan and may not take any action against your co-signor as long as your maintain your Plan payments.

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