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Bankruptcy Law/rental property with my sister

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Expert: Norma Duenas - California Bankruptcy Attorney - 10/25/2009


Question
i'm filing a chapter 7.  i have a rental property with my sister in arizona.  how will this affect her credit rating?

Answer

Riverside Bankruptcy A
If your sister is a cosigner on the property and you are discharging the rental property mortgage in the bankruptcy, then the bankruptcy should not be reported on your sister's credit report. Please be aware, that filing for bankruptcy does not protect your sister from having the mortgage company seek collection from her for the debt, since she will still be liable for this debt.

Norma Duenas - California Bankruptcy Attorney

Expertise

Norma Duenas is a California Bankruptcy Attorney representing clients in Chapter 7 and Chapter 13 consumer bankruptcy cases. Norma Duenas is the founding member of Southern California Law Advocates a consumer bankruptcy law firm. For further information you can visit us at: California Bankruptcy Attorney - Riverside, Los Angeles, & Orange County

Experience

Have filed over 350 consumer bankruptcy cases in Orange County, Los Angeles and Riverside. I have worked previously for Macey and Aleman, the largest consumer bankruptcy firm in the country. Currently I am the owner of Southern California Law Advocates, a bankruptcy law firm with offices in Orange County, Los Angeles and Riverside. Law offices is focused on consumer Chapter 13 and Chapter 7 bankruptcy.

Organizations
California Bar Association American Bar Association Riverside Bankruptcy Attorney

Education/Credentials
University of California, Irvine, BA in Criminology, Law and Society California State University, Los Angeles MS in Criminal Justice University of San Diego, Law School, JD Cum Laude

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