Can a Joint Account Holder’s Credit Rating Suffer if the Other Person Files for Chapter 13 Bankruptcy?
Call: 888-297-6203 At times, more than a person can apply for a loan. When this happens, all parties are responsible for the debt. The account thus appears on the credit report of co-signees. One of the major concern people have in this case is if one of the debtor files for bankruptcy under Chapter 13, would it reflect on the other person’s credit report? Dallas based bankruptcy law firm Recovery Law Group lawyers elaborate that bankruptcy involves two components which can appear on the credit report – court record and individual account status. The credit records of a [...]