However, there are also some states that have laws that protect co-signers from liability in certain situations. For example, some states may have laws that limit the amount of money that a co-signer can be held liable for, or that require the lender to obtain a court order before garnishing the co-signer's wages or bank account.
If you are concerned about the potential consequences of co-signing a loan, it is important to speak with an attorney to understand your rights and responsibilities.