Co-borrower is a co-debtor.

When a close relative or friend asks you to be a co-signer on a bank loan for a house purchase, they often give the reason that they might not be approved for the loan on their own and promise to be solely responsible for the monthly payments.

When the principal borrower defaulted on the loan payments, the bank could file a lawsuit against the co-borrower(s) to recover the debt without necessarily suing the principal borrower first, as they are considered joint debtors.
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About Us

With over 12 years of legal experience, we are the trusted experts you can rely on for all your legal needs. Our expertise spans across various legal fields, including civil and commercial law encompassing contracts, litigation, and legal proceedings; labor law to help your business avoid disputes; as well as family law, inheritance law, consumer protection law, intellectual property law, criminal law, and other legal matters. We also provide comprehensive legal consultation and registration services.

Address

247/68, Sammakorn Village, Soi 25/8, Ramkhamhaeng 112 Road, Saphan Sung Subdistrict, Saphan Sung District, Bangkok 10240, Thailand

Phone number

062-652-4259

E-mail

disavorabuth@gmail.com

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Co-borrower is a co-debtor.