Posted on: 26th Jun, 2009 11:59 pm
i am afraid his defaulting on the loan i co-signed for him will make me solely liable and if i don't make the payments that my credit will be ruined anyway. can i pre-emptively declare bankruptcy to protect myself from having to shoulder the entire home loan?
alaninla
Immediately you need not declare the Bk as that itself will lower down your score but if he defaults then make sure you shortsell the property or DIL will also be a good option where your score will not hamper.
keep in touch..............
:arrow: :arrow: :arrow:
Immediately you need not declare the Bk as that itself will lower down your score but if he defaults then make sure you shortsell the property or DIL will also be a good option where your score will not hamper.
keep in touch..............
:arrow: :arrow: :arrow: