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”

, 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.

Please post a follow up comment below:

(Note: comments are reviewed by moderators and then posted after approval. In addition, due to high volume some of the comments might not be posted.)