As you actually get some protection if the file C 13 not so much, but especially if they file C 7 - very much so.
If you are talking about someone who cosigned for your loan filing bankruptcy, As long as you continue to make your payments on time, nothing will happen. If you are talking about someone you cosigned for taking bankruptcy, you may very well have to pay this loan. Contact the lender.
Same as a bankruptcy There are actually companies that will work with you for free to buy your mortgage away from your mortgage company and avoid your foreclosure.
It will have no affect on the mortgage as long as the lending terms are met by the primary borrower.
Your mom will be responsible for the debt and if she does not pay it could affect her credit, she could be placed with a collection agency or sued in court.
You can consult a refinancing Mortgage Organization, who would assist you in repayments of debts also would impart the proper knowledge about Mortgage plans.
You become the only person responsible for the debt. Your friend's obligation to pay the judgment ends once your friend gets his or her discharge order from the bankruptcy court.
It shouldn't affect a mortgage. The mortgage will be based on the credit worthiness, the down payment, the ability to repay the loan of the people who apply for the mortgage.
It will only affect the non-filing spouse if the couple apply for some type of joint credit, such as a home mortgage. It will not affect the new spouse's credit report/score.
You will need to discuss this thoroughly with an experienced bankruptcy lawyer. Mortgages usually do not allow a change in title without the consent of the mortgage holder, and it can trigger acceleration of the mortgage and require immediate poayment of the whole balance due. If the wife has good credit and the mortgage is in trouble, it may affect her ability to borrow after the bankruptcy, so don't do it.
If you wife also co-signed on the loan, then, yes, she is. Your bankruptcy does not make the debt go away. It only negates your liability on the loan. It doesn't affect any one else's liability on the loan.
Yes, if your husband has a bankruptcy before he got married it will still effect his credit.
It will only become an issue if you apply for joint credit such as a mortgage, vehicle financing, and so forth.