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The bankruptcy will appear on their credit if you include this card in your bankruptcy. If you leave the card off the bankruptcy, it will not effect their credit.

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Q: If you are an additional card holder on a parent's credit card account and you file bankruptcy will the bankruptcy appear on their credit?
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Related questions

If one files bankruptcy and has a co-signer will if affect their credit rating?

If the account the cosigner is on is included in the bankruptcy it will appear on their credit report. In most cases the cosigner will not be relieved of the debt when the primary holder files for bankruptcy. The creditor(s) can then pursue the cosigner for the collection of money owed.


Would parents know if you use their credit card for PayPal account even if they do not have access to your PayPal account?

Yes, it would appear on their credit card statement as going to Paypal.


If you file for bankruptcy twice will it appear on your credit twice?

Yes!


Will your credit rating be affected by your partner filing bankruptcy?

If your partner files for bankruptcy and you don't then the bankruptcy will not appear on your credit report. But you will be partly responsible for before bankruptcy filing. Generally filing bankruptcy will affect the credit rating of the individual who filed it.


Can you get one credit card account in two names?

Yes. In one way, a card holder nominates an 'Additional Card Holder' whose transactions appear on the same account. You would need to follow the terms and conditions for this type of account provided by the issuer of the cards.


Can you remove a bankruptcy dismissal from your credit?

No. Backruptcy will always appear on your credit. After 7-10 years your credit will be as good as someone who has not filed bankruptcy.


Does account payables appear on the income statement?

NO, Account payable is a balance sheet item it does not appear in the income statement.


Do nominal account appear in balance sheet?

No


When a person declares bankruptcy that fact will appear on the persons credit report how long?

for a 10 year period


How long after chaper 7 bankruptcy does it no longer appear on your credit report?

10 years for a chapter 7.


On iTunes how do you see how much money you have on there?

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Can bankruptcies be expunged?

A bankruptcy remains on your credit record for ten years. It remains a public record in the courts forever. You can file a motion in bankruptcy court to have it expunged from the court records. If the motion is allowed, it will appear as though it had never been filed in the court because it will no longer appear in the public records.