NJ BANKRUPTCY 911

(201) 673 – 5777

NJ BANKRUPTCY 911

(201) 673 – 5777

The answer is maybe.  You should consult with a bankruptcy attorney who can review her case so he/she can advise you how your sister’s bankruptcy will affect you.  Her bankruptcy in and of itself should not appear on your credit reports.

The answer hinges on what type of case she filed and how she was treating the mortgage you c0-signed.  For example, if she was current on the mortgage, had no equity in the home and she makes all future payments, you should be fine.  However, if she is either giving up the home now or gives up the home in the future you may be legally liable on the debt.

The answer further hinges on whether it is a first or second mortgage and what state the bankruptcy was filed in.

If you sister was behind on her mortgage and filed a Chapter 13 Bankruptcy to catch-up on the mortgage payments your credit score was probably negatively affected before the bankruptcy was filed.

Again, best advice contact an attorney to discuss your specific situation with you.