Monday, May 10, 2010

If my parent files bankruptcy, is my stuff in jeopardy?

I'm 21 and I moved back in with my mother a year ago so I could go back to school. She's filing bankruptcy (chapter 7) and I know her stuff is at risk of getting sold, but what about mine? I have a computer, a car, and quite a few other things of value that I paid for with my own money.If my parent files bankruptcy, is my stuff in jeopardy?
Is the car title in your name? If yes, I think you are fine.


If you own any other titled property or bank accounts, make sure they are all in your name.If my parent files bankruptcy, is my stuff in jeopardy?
If it's not on her credit, you have no worries.

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