Find the best financial services for you at: SMARTFINANCESOLUTIONS.NET - Will my parents filing for bankruptcy have any affect on me if they live with me? - My parents have come into hard times over the last few years and due to bill collectors are now thinking about filing for bankruptcy. My parents needed to sell their house and move since they aren't able to really keep up with their bills. My father also tried finding new work but after a month of working he just couldn’t handle it anymore due to both illness and injuries. He currently has a pending social security disability case pending and it may still take another 10 months minimum.
They now live with me again and I have been paying most of their bills through my checking/savings accounts. I also have some money in my account from the sale of their house most of which is from money they owed me from using my credit cards over the years to pay off house maintenance expenses etc.
So my questions are as follows:
- Will them filing for bankruptcy have any affect on myself?
- Can they go after any of the money that was linked to the sale of their house that is currently in my bank account?
- Will this have any affect on my father’s disability case?
- Will the fact they are currently living with someone with a stable income have any affect on the hearing? -
