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?
Bankruptcy is a legal way for people or businesses who are no longer capable of paying back their bills to clear these debts and start over.
Chapter 7 bankruptcy is a form of bankruptcy where your debts are canceled, but some of your assets are sold to pay off part of your debt.
by attorney Josh Johnson
Many bankruptcy clients wonder why civil judgments (for credit card debt and other types of debt) still appear on their credit reports even after... more