Hello, I am having some problems with money and am considering a bankruptcy. My problem is I took a personal loan out to help one of my children about a two years ago. The loan is in my name, but my children are making the payments. They have made all payments on time on that loan and I really have nothing to do with that loan. Would I be required to include that because although it is in my name I do not make any payments on the loan.
Loan used for children, is this included?
posted by Questions @
1 Expert Comment:
At April 14, 2009 |
7:34 am
, Barton Goth, Trustee in Bankruptcy Said...
If the loan is in your name, you would be required to list it if you filed a bankruptcy. Legally you have to list all debts that are in your name irrespective of who is making the payments.
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