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Flash of panic -- can creditors come after extended family?
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<blockquote data-quote="DaisyFace" data-source="post: 449714" data-attributes="member: 6546"><p>Deep breaths...</p><p></p><p>NO!!! They cannot come after extended family.</p><p></p><p>They CAN come after co-signers and spouses whether they were on the original debt or not. (not always...but generally)</p><p></p><p>Changing states does NOT get you out of debt. The laws of the state where the debt was incurred will always take precendent over the state laws where you live. (IOW - rack up a cc bill in Texas - Texas laws will apply when you get sued in Louisiana).</p><p></p><p>A judgment can be awarded whether you have assets or not (but if you don't have any assets - you should consider filing Chapter 7 long before you get sued!)</p><p></p><p>Hope this helps!</p></blockquote><p></p>
[QUOTE="DaisyFace, post: 449714, member: 6546"] Deep breaths... NO!!! They cannot come after extended family. They CAN come after co-signers and spouses whether they were on the original debt or not. (not always...but generally) Changing states does NOT get you out of debt. The laws of the state where the debt was incurred will always take precendent over the state laws where you live. (IOW - rack up a cc bill in Texas - Texas laws will apply when you get sued in Louisiana). A judgment can be awarded whether you have assets or not (but if you don't have any assets - you should consider filing Chapter 7 long before you get sued!) Hope this helps! [/QUOTE]
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Flash of panic -- can creditors come after extended family?
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