Legal Question in Bankruptcy in Pennsylvania
Power of Attorney & bankruptcy
If I am power of attorney for a parent, am I responsible for their debt. Meaning, can I include their debt in my bankruptcy
Asked on 11/15/08, 8:03 am
1 Answer from Attorneys
Re: Power of Attorney & bankruptcy
No, you are not responsible for the debt. Power of attorney can give you the right to manage the assets and affairs of another, but you have to do it for their benefit and the assets and debts remain theirs. They are not your assets and debts and therefore would not be includable in your bankruptcy (or tax return, etc.).
Answered on 11/15/08, 5:34 pm
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