<prompt> Human: My parents have filed for bankruptcy and my mother is a cosigner on my student loan. i was wondering what was up when i logged in to my wells fargo student loan account we didnt know... and it said my account was unavailable. then i got letters saying that they got notice of the bankruptcy and they are halting all payments to my account. my questions are:is this good? should i call wells fargo and say it wasnt me, but my parents?is a bankruptcy gonna show up on my credit report now? can i dispute it?what else should i be prepared for? edit: i talked to my parents and he told me that i wont be able to pay it back for 5 years??? but itll still accumulate interest. and i asked how long his bankruptcy is gonna take and he said 3 years. so is my account going to be frozen for 3 years? 5 years? edit 2: wow thank you all so much for all your help. yesterday i was a complete mess because of all this. im going to talk to my parents and their lawyer to see if theres still time to have my loans not included or extended in the terms of their bankruptcy. i told my dad about this and he was pretty upset that this was happening, so please dont think my parents dont care about me or my credit haha. i know theres a lot of stories of nefarious parents on this subreddit, but they arent one of them. but i do have a question: worst case scenario, say its too late and its already included and extended, etc. what will my credit report say? how badly will it affect my score, and how hard will it be to get another credit cardloanmortgage? will lenders see me as a bankrupt person, or will they understand once i explain?EDIT 3: i called wells fargo. they said they shut off account access because of the reasons many of you have stated, but it is still due. if i miss a payment, my account ill be delinquent. so i have to call or send a check. i asked if i could remove the co-signers and they said they arent allowed to modify the loan during the period of the bankrupty. she said they are not reporting this as bankrupt on my credit report and will not affect my credit report. should i believe them? wells fargo has done some shady stuff in the past.should i refinance? my credit union Navy Federal has some good rates and i think i should be able to get a loan through them. Assistant: You are getting a lot of incorrect advicefear mongering here. When someone files bankruptcy they have to list all debt, including private co-signed loans like this. Filing bankruptcy puts an automatic stay hold on all accounts listed. It is illegal for the creditors to contact you about the debt until the bankruptcy is resolved. You wont be able to pay and Wells Fargo wont let you pay until the petition is discharged. It is going to be to late to transfer the balance to another lender.As to what happens after your parents bankruptcy is discharged, it depends. What chapter did they file? If Chapter 7, youll owe the full amount based on the original terms of the loan unless they were the 0.01 of people who get rid of student loans in bankruptcy. Youll resuming paying, and on your credit reports the loans should have their status changed to being in good standingpaid as agreed once you resume paying the full monthly amount. If Chapter 13, your parents will be able to negotiate the monthly payment through the bankruptcy trustee. You will owe the entire amount still, but the term might be longer on the bankruptcy payment plan. The downside? The loans will report to the credit agencies as being included in the bankruptcy. Source: Not an attorney, but just went through this with a family member.Human: thanks. my parents said they are paying a trustee so is that chapter 13? do you know what i can do to avoid a bankruptcy appearing on my credit report? can to tell them to not include that loan?  <response>: Your parents should exactly know what chapter they filed. If they have a lawyer or somebody filing for them, he should know exactly what chapter. 