Will other members of my family get affected by my bankruptcy? 27 Answers as of June 11, 2012

Will other members of my family get affected by my bankruptcy?

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R. Jason de Groot, P.A
R. Jason de Groot, P.A | R. Jason de Groot
Other members of your family are not generally affected by bankruptcy. There are certain circumstances when they are affected, like when a family member has co-signed on a loan for you. The bank would not be allowed to collect the amount from you, so they would go after the family member.
Answer Applies to: Florida
Replied: 6/11/2012
Law Office of Jeffrey Solomon
Law Office of Jeffrey Solomon | Jeffrey Solomon
There must be a particular reason why another would be affected. If you jointly own assets or have joint debt, then the bankruptcy would be an issue to the family member.
Answer Applies to: Florida
Replied: 6/7/2012
Bankruptcy Law office of Bill Rubendall
Bankruptcy Law office of Bill Rubendall | William M. Rubendall
Filing bankruptcy does not affect persons who are non-filers, unless they have co-signed or guaranteed a debt.
Answer Applies to: California
Replied: 6/7/2012
G. Anthony Yuthas & Assoc.
G. Anthony Yuthas & Assoc. | Tony Yuthas
Not unless there is a cosign involved.
Answer Applies to: Colorado
Replied: 6/7/2012
Evan Guthrie Law Firm
Evan Guthrie Law Firm | Evan Guthrie
Other family members will not be affected financially by your bankruptcy unless they jointly own any of your assets that are in your name or their name is on any of your debts.
Answer Applies to: South Carolina
Replied: 6/7/2012
    Alvin Lundgren | Alvin Lundgren
    A bankruptcy applies only to the filer. Other family members are not involved, unless they are also creditors of the person filing bankruptcy.
    Answer Applies to: Utah
    Replied: 6/7/2012
    Attorney At Law | Harry D. Roth
    No. Your bankruptcy neither harms nor protects other members of your family.
    Answer Applies to: California
    Replied: 6/7/2012
    Barbara Fontaine, Esquire | Barbara Fontaine
    No, not unless they cosigned for you.
    Answer Applies to: Rhode Island
    Replied: 6/7/2012
    Ashman Law Office
    Ashman Law Office | Glen Edward Ashman
    Maybe depending on information we do not have.
    Answer Applies to: Georgia
    Replied: 6/7/2012
    Weber & Phillips, P.A.
    Weber & Phillips, P.A. | John G. Phillips
    The simple answer to that question is usually no. However, if those other family members are co-signers on some of your debt, it is possible they could suffer some negative consequence. However, if they aren't co-signers on any of your debt, then the type of issues that could negatively affect them are few and far between. Find yourself a good, local bankruptcy attorney and they can look over your paperwork and give you some specific advice based on the facts of your individual case.
    Answer Applies to: Arkansas
    Replied: 6/7/2012
    The Law Offices of Kristy Qiu
    The Law Offices of Kristy Qiu | Mengjun Qiu
    No, unless they're codebtors ro cosigners of your loans.
    Answer Applies to: Florida
    Replied: 6/7/2012
    Debt Relief Law Center | Roger J. Bus
    Only if they are cosigners on your debt and become responsible parties to pay.
    Answer Applies to: Michigan
    Replied: 6/7/2012
    Janet A. Lawson Bankruptcy Attorney
    Janet A. Lawson Bankruptcy Attorney | Janet Lawson
    No.... they will not be affected.
    Answer Applies to: California
    Replied: 6/7/2012
    The Martin Law Group
    The Martin Law Group | Yolvondra Martin-Brown
    Your family members can be affected if they co-signed a debt included in the bankruptcy. If you do not agree to repay that debt in full, then your family member will be responsible the debt.
    Answer Applies to: Georgia
    Replied: 6/7/2012
    Diefer Law Group, P.C.
    Diefer Law Group, P.C. | Abel Fernandez
    Normally, the bankruptcy does not affect your family members if they are not cosigners on your debt. If they have cosigned for some of your debt then they would continue to be liable for the debt.
    Answer Applies to: California
    Replied: 6/7/2012
    Law Office of D.L. Drain, P.A.
    Law Office of D.L. Drain, P.A. | Diane L. Drain
    It depends on whether or not they guaranteed or co-signed your debts. Bankruptcy is a very complicated process. It is wise to talk to an experienced bankruptcy attorney before deciding to take this important step. Most Arizona bankruptcy attorneys offer a free consultation about the basics of bankruptcy.
    Answer Applies to: Arizona
    Replied: 6/7/2012
    Steven Alpers | Steven Alpers
    Not if they are not on your loans.
    Answer Applies to: California
    Replied: 6/7/2012
    Law Office of Michael Johnson
    Law Office of Michael Johnson | Michael Johnson
    Not unless they have accounts associated with you.
    Answer Applies to: Florida
    Replied: 6/7/2012
    The Smalley Law Firm, LLC | Cary Smalley
    Generally the answer is no unless they are co-signors or guarantors on any of your debts. You should consult with a bankruptcy attorney to discuss the details of your specific situation.
    Answer Applies to: Kansas
    Replied: 6/7/2012
    Kelly Nigohosian | Kelly Nigohosian
    Other members of your family should not be affected if you file bankruptcy. However, if they are co-signers, and you do not pay, then they can be affected, and the creditor can go after them for repayment of the debt.
    Answer Applies to: Michigan
    Replied: 6/7/2012
    Charles Schneider, P.C.
    Charles Schneider, P.C. | Charles J. Schneider
    Not unless they are co-signors.
    Answer Applies to: Michigan
    Replied: 6/7/2012
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