Legal Question in Bankruptcy in California

Co-signer on a house

My ex-roomate is planning to file Chapter 7, I am a co-sigener on the house and the bills attached to the house. If he is the primary on the house do i also need to file bankruptcy to stop the creditors from coming after me?


Asked on 12/13/97, 7:32 pm

1 Answer from Attorneys
Mark Markus Law Office of Mark J. Markus

co-signer on house

If, after filing the Ch. 7, your roommate does not plan to make the payments to his lenders or on the other "bill attached to the house", as you say, then you will be liable. Whether or not you need to file bankruptcy is a decision to be made after consideration of all relevant personal circumstances. If you live in the greater Los Angeles area, I invite you to visit my web page (below) and call me for a more comprehensive consultation.

Read more
Answered on 12/13/97, 8:04 pm


Related Questions & Answers

More Bankruptcy Law questions and answers in California