Question Regarding Joint CC Account w/Parent

[bigsapper]

First let me say thanks to everyone that helps here. I got my CH7 discharge last year. But for this forum, I would've been screwed, blued & tattooed.

I have a family member that's considering declaring BK. To keep the indirect references from confusing my question, I'll as it as if it's my situation.


So...


My wife and I are considering declaring BK. I have a CC account I would like to include in the discharge (assuming such). The card in question is in my name with my Mom as co-signer.

Will this debt be discharged and/or are there any downstream consequences for my Mom?

[discombob1]

If your mom is co-signer the bank will and can go after her. Your obligation to pay will be discharged with the debt.

[bigsapper]

If your mom is co-signer the bank will and can go after her. Your obligation to pay will be discharged with the debt.

So just to be clear, I'm relieved of the obligation but the debt remains and full obligation passes to my Mom. Is that a correct restatement?

[Clabbergirl]

That is my understanding.

[bigsapper]

Thanks!