Chapter 13 Bankruptcy Offices
How will my sons credit be affected by my chapter 13 bankruptcy because we have a joint credit card account?
Unfortunately, my husband and I filed for Chapter 13 bankruptcy today. My son has a JC Penney credit card and he asked for an additional card for me. I did not want JC Penney included in the bankruptcy since it is my sons account and it will continue to be paid. The lawyers office said since it was associated with my social security number and was on my credit report, they had to include it. They said I could keep making my payments and advised me to call JC Penney to let them know. I called and was told it is a joint account and when they receive the bankruptcy papers, the account will be closed. They said they did not know how it would affect my son’s credit. My son has excellent credit. Will it affect my sons credit? Is there anything that I can do?
Did you apply for the card with him or are you just an authorized user?
Your son can write to the major credit reporting agencies and explain the situation and ask them to make a notation on his credit reports explaining the situation with you and your bankruptcy.
Long Island New York Bankruptcy Lawyer – Chapter 7 or Chapter 13 – Am I eligible to file bankruptcy?
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