will my father’s bankruptcy affect me
September 15th, 2007 by Questions
Hi .. if my dad fill bankruptcy and I live with him on the same address is that will affect my credit .thanks
One Response to “will my father’s bankruptcy affect me”
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September 17, 2007 at 7:59 am, A licensed trustee said:
Only if you jointly signed for some of your father’s debts. For instance, did you both sign a car loan or have copies of the same credit cards? If you did and your dad files for bankruptcy then you will be expected to repay those debts.
If you did not jointly sign any debts with your father then your credit should not be affected by his bankruptcy.