My friend told me that if I live in the same home with family members and have a lot of debts on credit cards and file chapter 7 bankruptcy, will affect my family members credit scores, is it true?
Your family members' scores should not be affected by your filing bankruptcy.
If one of your family members is a co-signer on one of your accounts, their credit score might be impacted by your failure to pay on that debt.
I am in San Diego and would be glad to answer any other questions you might have. Please call if I can help.
This is just an urban myth. Credit reports are created by social security numbers, not by address or last name.
Hope this perspective helps!
Chapter 7 Bankruptcy Attorney
Only if the family member was a co-debtor will they be affected. That means that you and the other family member have joint liability as co-signers. You would get a discharge of the debt, but not them.