.jpg)
Credit consequence to nonspouse when spouse files (or
Were they co-applicantsunder the original credit agreement or is the codebtor a second card holder on the debtor's account?
Law Office of Peter M. Lively * Personal Financial Law Center I
11268 Washington Boulevard, Suite 203, Culver City, California 90230-4647
Telephone: (310) 391-2400* Toll Free: (800) 307-3328 * Fax: (310) 391-2462
On Monday, October 09a] wrote:
I have a unique situation where a creditor is treating a nonspouse codebtor on a credit card as a spouse in the sense that when debtor filed a Ch 7 BK, creditor reduced debt to zero on nonfiler's credit report and also knocked off a couple credit score points. Creditor is not trying to collect from the codebtor.
Are there any other potential consequences for this nonfiler? Will their credit score drop futher? Should they seek to voluntarily pay it when it appears it's being written off as probably a community debt?
Holly RoarkCertified Bankruptcy Specialist*
and Sports Lawyer
holly@roarklawoffices.com**primary email address**www.roarklawoffices.comCentral District of California & District of Idaho - Consumer Bankruptcy Attorney1875 Century Park East, Suite 600 Los Angeles, CA 90067T (310) 553-2600; F (310) 553-2601
*By State Bar of California Board of LegalSpecialization
The post was migrated from Yahoo.