Legal Question in Bankruptcy in New York

I cosigned for my nephew two business loans the store close due to the economy. The loans are not on my credit report, I don't have the money to paid the banks. If i file bankruptcy can they be included or can i file bankruptcy just the business loans and continue to pay my credit card bills. Both banks file summoned against me what can i do please help. Thanks


Asked on 8/31/09, 9:46 pm

1 Answer from Attorneys
Stephen Starr Starr & Starr, PLLC

A debtor filing for bankruptcy can include debts that are not listed on his or her credit report. However, he or she can't pick and choose which creditors to include in the bankruptcy. A debtor is required by law to schedule all of his or creditors.

Please feel free to call 8888678165 for a free initial consultation. We handle bankruptcy cases throughout New York state.

Please also feel free to visit the Frequently Asked Questions (FAQs) on our website at www.starrandstarr.com and posting on our Blog at www.newyorkbankruptcylawyerblog.com/ for further information regarding personal bankruptcy topics.

The foregoing is general information of interest to readers of this website and is not intended as legal advice for your situation. Facts and circumstances not disclosed in your brief posting may materially affect your rights. You should consult with an attorney.

Best regards,

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Answered on 9/06/09, 11:20 am


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